|Posted:||May 20, 2020 12:57 PM|
|From:||Representative Steven R. Malagari|
|To:||All House members|
|Subject:||Paycheck Protection Program Extension Resolution|
|In the last few weeks, numerous restaurants, bars, clubs, and other liquor license holders have contacted my office to discuss the financial strain they are facing due to the current COVID-19 shutdown. While the recently implemented Paycheck Protection Program has allowed many of these hardworking Pennsylvania businesses to continue to make payroll and pay their rent, mortgage, and utility costs, the current eight-week limit is simply not enough.
In an attempt to remedy this, my resolution would urge Congress to extend the eight-week maximum for loan forgiveness to a sixteen-week minimum. Doing this would allow small businesses to pay their employees for an additional eight weeks, providing the financial security that so many are struggling to keep.
We must continue to do all we can to ensure that our constituents and their loved ones are able to put food on the table and provide for themselves. With an additional eight weeks of forgivable loan use, small businesses and their employees would be better able to weather this storm. Please join me in supporting this legislation.