Greg Walden Statement on House Passage of Paycheck Protection Program and Health Care Enhancement Act
Today, Representative Greg Walden (R-Hood River) released a statement after he voted in support of the Paycheck Protection Program and Health Care Enhancement Act, H.R. 266.
“We can continue to go back and forth about the Democrat Leaders' political posturing and needless delays, but the message I want small businesses, their employees, and our nation's health care workers on the front lines to hear right now is this: We are with you. More help is on the way. And we will continue to fight alongside you as we work towards safely reopening our country,” said Walden.
The legislation, which passed the Senate earlier this week, will refill the Paycheck Protection Program (PPP), which ran out of funding last week. The bill includes $310 billion for the PPP, $50 billion for Economic Injury Disaster Loan program and $10 billion for the EIDL advance/grant program, $75 billion for hospitals/health care providers, and $25 billion for testing.
Nationwide, the PPP approved forgivable loans to more than 1.6 million small businesses and processed nearly $350 billion in only 14 days. In Oregon, the PPP approved over 18,700 forgivable loans and processed over $3.8 billion in only 14 days.
Earlier today, Walden spoke on the House Floor about the bill. You can watch his remarks on the House Floor here.