Small business funding needs to be protected – Pelosi
House Speaker Nancy Pelosi (pictured), along with Senate Minority Leader Chuck Schumer urged the government on Sunday to make sure small businesses in need of financial assistance get funding under the Paycheck Protection Program (PPP).
The two asked the administration to provide a minimum of $10 billion in monetary aid for helping small businesses hit by the COVID-19 pandemic. “The Trump Admin must do much more to prevent well-connected corporations from crowding out the truly small businesses on Main Street that need PPP assistance the most,” Pelosi stated.
Previously, the US Senate passed the fourth phase of the coronavirus stimulus bill, which included extending the PPP by approximately $320 billion.
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