Loading...

Senate Extends Paycheck Protection Program Through May

March 25, 2021 by TWN Staff
Senate Extends Paycheck Protection Program Through May
Sen. Susan Collins, R-Maine. (Kevin Dietsch/Pool/AbacaPress/TNS)

WASHINGTON – The Senate voted 92-7 Thursday to extend the Paycheck Protection Program to the end of May after rejecting Republican efforts to reshape the program and stymie the vote altogether. 

The popular program was scheduled to expire on March 31. The Senate vote means the measure now goes to President Joe Biden for his signature.

The House passed the bill 415-3 earlier this month.

To date, some 7.5 million loans totaling $687 billion have been issued to small businesses through the program, according to the Small Business Administration.

Sen. Susan Collins, R-Maine, a staunch supporter of the program said on the floor of the Senate chamber it has served as “a lifeline to countless small businesses” during the coronavirus pandemic, and had saved more than 50 million jobs.

“If we do not act, there are 190,000 pending applications for loans that will be in limbo. These small businesses need this assistance now in order to pay their employees and stay afloat,” she said.

But her support was not shared by others in her party, among them Sen. Rand Paul, R-Ky., who tried a last-minute procedural maneuver to try to block the bill’s approval.

He also pointed out, in a pitch to conservatives for a no vote, that as currently authorized, the program would allow health care centers affiliated with Planned Parenthood to get a loan.

“I urge everyone who believes that taxpayers should not be forced to pay for abortion to vote no,” he said.

Prior to the final vote, the Senate rejected two amendments proposed by Republican lawmakers.

One, offered by Sen. Marco Rubio, R-Fla., would have prevented the Small Business Administration from prioritizing some businesses over others hoping to receive Paycheck Protection Program money.

Rubio said his amendment was necessary because of delays and confusion caused by the Biden administration’s decision to limit the program to only those businesses with fewer than 20 employees for two weeks last month. 

“The very reason why we even have to do an extension is because the new administration has unfairly and unnecessarily restricted eligible businesses and nonprofits from applying. It’s created confusion. People haven’t been able to get in by the deadlines,” Rubio said. “Unless we put in more guardrails, there’s little assurance that this is not going to continue.”

The other amendment was offered by Sen. John Kennedy, R-La., who wanted to bar business owners convicted of certain felonies in the last two years from getting loans through the program.

Both amendments died by votes of 48-52.

In The News

Health

Voting

Congress

November 30, 2022
by Dan McCue
House Passes Legislation to Avert Nationwide Rail Strike

WASHINGTON — The House passed legislation Wednesday to avert a nationwide rail strike, the first step in avoiding an economic... Read More

WASHINGTON — The House passed legislation Wednesday to avert a nationwide rail strike, the first step in avoiding an economic calamity at the height of the holiday shopping season. The chamber passed the main resolution in a 290-137 vote, sending it to the Senate for consideration... Read More

November 30, 2022
by Dan McCue
Hakeem Jeffries Elected to Lead House Democrats Into the Future

WASHINGTON — Sixty-one years after President John F. Kennedy famously declared during his inaugural address that “the torch has been... Read More

WASHINGTON — Sixty-one years after President John F. Kennedy famously declared during his inaugural address that “the torch has been passed” to a new generation, that process was renewed again on Capitol Hill on Wednesday, as House Democrats unanimously elected Rep. Hakeem Jeffries, D-N.Y., to lead... Read More

November 30, 2022
by Dan McCue
Landmark Same-Sex Marriage Bill Passes Senate

WASHINGTON – The Senate passed a bill to codify federal recognition of same-sex marriage on Tuesday night, adding religious liberty... Read More

WASHINGTON – The Senate passed a bill to codify federal recognition of same-sex marriage on Tuesday night, adding religious liberty protections to ensure its bipartisan support. The 61-36 vote in the chamber now sends the measure to the House, where Majority Leader Steny Hoyer, D-Md., predicted... Read More

November 29, 2022
by Dan McCue
Lofgren Introduces Resolution to Rename Caucus Room for Pelosi

WASHINGTON — Rep. Zoe Lofgren, D-Calif., chair of the House Administration Committee, introduced a resolution Tuesday designating the caucus room... Read More

WASHINGTON — Rep. Zoe Lofgren, D-Calif., chair of the House Administration Committee, introduced a resolution Tuesday designating the caucus room in the Cannon House Office Building be named the ‘‘Speaker Nancy Pelosi Caucus Room.’’ The resolution, which only needs a majority vote in the House to... Read More

November 29, 2022
by Dan McCue
‘Tis the Season: Capitol, White House Christmas Trees to Be Lighted

WASHINGTON — If you love attending Christmas tree lightings, the next two days will be especially exciting. On Tuesday night,... Read More

WASHINGTON — If you love attending Christmas tree lightings, the next two days will be especially exciting. On Tuesday night, at 5 p.m., House Speaker Nancy Pelosi, D-Calif., will join members of the North Carolina Congressional Delegation and Gov. Roy Cooper to light the U.S. Capitol... Read More

November 29, 2022
by Dan McCue
Rep. Donald McEachin Dies Just Weeks After Winning Reelection

WASHINGTON — Rep. A. Donald McEachin, D-Va., an ardent champion for environmental justice and for policies to mitigate climate change,... Read More

WASHINGTON — Rep. A. Donald McEachin, D-Va., an ardent champion for environmental justice and for policies to mitigate climate change, died on Monday, just weeks after winning reelection to Congress. McEachin, who had been battling cancer and other health issues for several years, was 61. In... Read More

News From The Well