Congressman Steven Horsford Votes to Bring Further Coronavirus Assistance to Nevada
Washington, D.C. -- Today, April 23, 2020, Congressman Steven Horsford (NV-04) voted to pass The Paycheck Protection Program and Health Care Enhancement Act,
“Today, I voted to provide the emergency resources that are desperately needed to sustain and protect the lives and livelihoods of the American people. I worked with my colleagues to deliver for the people of Nevada by bringing home billions in additional funding for Nevada’s 270,000 small businesses and nonprofits, and extensive testing that is essential to everyone’s health and safety,” Congressman Horsford said.
“While today’s action is absolutely necessary, we must still provide assistance to our heroes who are on the frontline of this pandemic. Our first responders, nurses, health professionals and local and state government personnel are critical to providing vital services to our neighbors and are instrumental to our economy’s ability to recover. For Senate Majority Leader McConnell to suggest that states and local governments--the very entities that provide funding to these heroes--can just go bankrupt is irresponsible and harmful to any ability to recover in a timely manner and one that protects the health of everyone.”
In a floor speech, Congressman Horsford demanded that McConnell and the Administration agree to more funding for state, tribal and local governments on the front lines of this crisis who desperately need an infusion of funds. According to Congressional leadership, the President has acknowledged their need and agreed to consider this critical priority in CARES 2.
The agreement strengthens the Paycheck Protection Program, expands small business support beyond PPP by increasing funding for emergency disaster loans and grants and provides an additional $100 billion for hospitals, providers and testing to address the health needs of the American people:
- For small businesses: Congress fought to strengthen the Paycheck Protection Program with $310 billion in additional funding, with $30 billion reserved for community-based lenders, small banks and credit unions and $30 billion for mid-sized banks and credit unions.
- Congress is expanding small business support beyond PPP by securing $50 billion for SBA emergency disaster lending, translating into more than $350 billion in loans, and $10 billion in SBA emergency disaster grants.
- That also includes strong protections to ensure that our nation’s farmers have access to this vital assistance.
- For hospitals, health systems and health care and frontline workers: Congress secured $75 billion to provide resources to the frontlines, including Personal Protective Equipment.
- The Administration has also agreed to key improvements to be made in CARES 2, including significantly lowering the interest rate on advance payments, lengthening the repayment schedule and distributing payments from general revenues not the Hospital Insurance Fund.
- For all Americans: Also secured is $25 billion for testing, which is the key to reopening the economy and resuming our lives. The Administration has agreed to a national strategic testing policy that will focus on increasing domestic testing capacity including testing supplies.
The Senate voted to pass this agreement on Tuesday, April 21. Now, Congress will advance a CARES 2 Act that will extend and expand the bipartisan CARES Act to meet the needs of the American people.