Greg Walden Statement on President Trump Signing Paycheck Protection Program and Health Care Enhancement Act
Today, Representative Greg Walden (R-Hood River) released the following statement after President Trump signed the Paycheck Protection Program and Health Care Enhancement Act into law.
“I’m glad President Trump wasted no time in signing this relief funding into law. In addition, I commend the Administration for listening to the concerns of rural hospitals that are part of a health district to make them eligible for the PPP program, too. As a member of President Trump’s bipartisan task force on reopening the economy, I am committed to ensuring our small businesses and our health care providers have the resources they need when the governor decides it’s time to safely reopen Oregon,” said Walden.
The legislation, which Walden voted for on Thursday, refills the Paycheck Protection Program (PPP). The bill includes $310 billion for the PPP, $50 billion for Economic Injury Disaster Loan program, $10 billion for the EIDL advance/grant program, $75 billion for hospitals/health care providers, and $25 billion for testing.
The PPP has reached over 1.6 million small businesses, nonprofits, veterans’ organizations, tribal businesses, sole proprietors, and independent contractors. A majority of the loans (74%) were under $150,000, which demonstrates that even the smallest businesses were able to access the program.
Walden spoke on the House Floor about the legislation, watch his remarks here.