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Wagner Calls on Congressional Leadership to Pass Emergency Small Business Funding, Shore Up Paycheck Protection Program

Apr 16, 2020
Press Release
EIDL Program Also Runs Out of Funds to Help Struggling Small Businesses

Washington, D.C. - Congresswoman Ann Wagner (R-MO) released the following statement on the Paycheck Protection Program and EIDL running out of appropriated funds:

“The Paycheck Protection Program (PPP) has approved more than 1.5 million loans to small businesses, saving millions of American jobs at a time of economic uncertainty. These jobs are paychecks that help Missouri workers put dinner on the table and provide for their families. Now, the PPP has exhausted its initial funding, leaving millions more workers out to dry as small businesses have to go without critical funding they need to stay afloat.

“The PPP is a bipartisan initiative that should have bipartisan support for renewed funding, but Democrats in the House and Senate are blocking this emergency funding for our small businesses and refusing to let it pass unless their demands are met. The same fate awaits those small businesses looking to utilize the EIDL program as well, a program designed to give a quick infusion of funds to local companies so they can keep the lights on and their employees on the payroll. This critical lifeline for Missouri small businesses must be replenished as well.

“Now is not the time to be playing politics with the paychecks of hardworking Americans in a time of great need. Democrats and Republicans came together in a bipartisan manner to create this program in the CARES Act, and the PPP has seen so much interest it has already run out money, which is why it is so outrageous this new funding is being blocked as small businesses across the nation are desperate for our help.

“We are in uncertain times and small businesses and workers need as much support as we can give them so I am calling on our leaders on both sides of the aisle and in the House and Senate to immediately pass emergency funding for the Paycheck Protection Program and the EIDL program by unanimous consent so small businesses can keep their doors open and their workers employed.”