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To provide desperately needed help to small businesses and the #DC  economy, I cosponsored the #FamiliesFirst  Paycheck Protection Program Flexibility Act, which the House passed yesterday.

Meanwhile, proprietors' income — which is where small business falls — took a huge hit, declining 19.5% Fed-April. The paycheck protection program, despite terrible implementation, surely helped. But PPP's grace period for turning loans into grants only 8 weeks 5/

Yesterday, the House passed the PPP Flexibility Act, a bill that will enable our small business community to get much needed flexibility within their Paycheck Protection Program funding. We need to continue to do all we can to support our small businesses through this crisis.

The Paycheck Protection Program is expected to get a much-needed facelift, but not all of its wrinkles will disappear.

Coronavirus relief stalls, with small businesses returning loans: Has the Paycheck Protection Program outlasted its usefulness? ^ @AccountingToday  #Tax  #Accounting  #CPA 

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The first round of the U.S.’s Paycheck Protection Program to help small businesses may have missed the mark, in terms of geography, industries served, and size. Learn more:

The House responded to concerns of employers in passing a bill to loosen rules on small-business loans issued under the Paycheck Protection Program.

P3 portal launched to help with PPP loan forgiveness: Two AGL CPA partners developed the tool to assist CPA firms and clients in navigating the Paycheck Protection Program. ^ @AccountingToday  #Tax  #Accounting  #CPA 

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It’s been four days since the Paycheck Protection Program ran dry. Republicans have been trying to fund this job-saving program for over a week, but Democrats have blocked us. The Senate will meet again tomorrow. I hope my colleagues will finally let this help move forward.

The Paycheck Protection Program is up and running! The program is open to nonprofits as well, so banks be sure to sign up our Great Religious and Veteran Organizations that need help!

RT to tell Chuck Schumer and Nancy Pelosi to STOP blocking critical funding for small businesses. The Paycheck Protection Program is about to run out of money—millions of jobs are hanging in the balance. Congress MUST ACT!

I urge the Senate and House to pass the Paycheck Protection Program and Health Care Enhancement Act with additional funding for PPP, Hospitals, and Testing. After I sign this Bill, we will begin discussions on the next Legislative Initiative with fiscal relief....

Just so everyone knows, Senate Democrats just objected to extending funding for the Paycheck Protection Program. More games keeping more workers from getting paychecks. #coronavirus  #covid19 

4.4 million. That’s how many Americans lost their jobs in the last week—the exact time span that Democrats let the Paycheck Protection Program run out of money. It didn’t have to be this way. These are Pelosi Layoffs.

Democrats are blocking additional funding for the popular Paycheck Protection Program. They are killing American small businesses. Stop playing politics Dems! Support Refilling PPP NOW – it is out of funds!

Small business layoffs spiked 1,000% last month. 10% of the U.S. workforce is now jobless. This is no time for political games. I hope Democrats stop blocking more funding for the Paycheck Protection Program very soon. American jobs depend on it.

Here are the facts: ⇨ The Paycheck Protection Program is the only fund that is out of money. ⇨ Chuck Schumer and Nancy Pelosi are the ones holding it up. ⇨ Small businesses and their employees will suffer because of it.

Democrats have spent days blocking emergency funding for Americans’ paychecks, and today, the money for the Paycheck Protection Program completely runs out. The cost of Schumer and Pelosi's obstruction will be pink slips and shuttered businesses.