Davids Calls for Fixes to Small Business Loan Program

Representative Sharice Davids issued the following statement on the need to fix the Paycheck Protection Program, a small businesses loan program established under the CARES Act:

"Kansas small businesses are counting on these loans to keep their businesses afloat and to pay their workers, and it's unacceptable that many can't even access this critical assistance. While the Trump Administration needs to provide much clearer guidance about the implementation of the Paycheck Protection Program, Congress also needs to provide more resources to bolster the program and get relief to small businesses quickly. The House should act on this without delay.

"We must also set guardrails for how this program is administered so that its benefits reach smaller and less advantaged businesses. I've introduced legislation that would provide $10 billion in funding for early stage and startup businesses in low-income geographic areas to keep funding flowing to these vital businesses."