Moolenaar Supports Legislation to Extend the Paycheck Protection Program
Today, Congressman John Moolenaar voted for legislation that would extend the availability of the Paycheck Protection Program funding for small businesses through June 30, 2021. This funding was already approved by Congress last year, and it remains available for small businesses. The legislation passed the House tonight in an overwhelmingly bipartisan vote.
“Small businesses have been hurt by the pandemic and state enforced closures, and while the best way for them to recover is for the state to allow them to fully reopen, I know many of them are still hurting and need help,” said Congressman Moolenaar. “The Paycheck Protection Program helped thousands of Michigan small businesses last year and there is still funding left over to help those who need additional relief. State officials have created continued uncertainty with restrictions, and last month 120,000 residents gave up looking for work. I hope Michigan small business owners will make the most of this difficult situation and access funding that will help them and their workers stay in business until they're allowed to fully reopen."
Congressman Moolenaar has previously supported legislation funding the Paycheck Protection Program, which was established as part of the CARES Act he voted for last year. Moolenaar has been an advocate for reopening the program so that crucial funding remains available for small businesses.
The Paycheck Protection Program has already injected more than $15 billion into Michigan’s economy, and the funding has supported more than 7,000 small businesses in the Fourth District.