Moolenaar Votes for More Assistance for Michigan Small Businesses

Hospitals and Testing Efforts Also Receive Funding in the Legislation

Today, the House of Representatives passed the Paycheck Protection Program and Health Care Enhancement Act. Congressman John Moolenaar was in Washington D.C. for the House session today and voted for the legislation. The legislation has already passed the Senate and it now goes to President Trump for his signature.

"I voted for this legislation because it will help Michigan families through this difficult time and give our health care professionals more resources to fight the virus," said Congressman John Moolenaar. "The small business assistance will help Michigan workers receive their salaries and help them avoid the state's overwhelmed unemployment system. Also, the funding for testing in the legislation will help our health care professionals track the virus and make it safer for the phased-in re-opening of the economy."

The legislation increases funding for the Paycheck Protection Program, making $310 billion available for additional loans to American small businesses. The program has already helped 40,000 Michigan businesses with more than $10 billion in loans. The program gives businesses forgivable loans for payroll costs, rent, utilities, and mortgage payments. The loan is forgivable if the small business retains its staff through June 30, 2020.

The legislation also includes $75 billion for our nation's hospitals. Many Michigan hospitals have experienced heavy financial losses from the extraordinary care they have delivered to Coronavirus patients over the past month.

Finally, the bill includes $25 billion towards testing efforts, which will help states and the federal government track the virus.