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The Paycheck Protection Program (PPP) is providing essential capital to millions of small businesses across the country. Unfortunately, for many of these business owners, particularly local restaurants, hotels, and those in the hospitality industry, the terms are too inflexible..
to provide the help they need to weather the economic storm. PPP cannot protect jobs if workers have no job to return to after state and local lockdowns are lifted. After listening to business owners, I will be introducing the Paycheck Protection Program Flexibility Act.
Read more about my bill here:https://roy.house.gov/media/press-releases/rep-chip-roy-introduce-paycheck-protection-program-flexibility-act …
Congress provided funds for 1M US small businesses leaving 40M to do without. Then allowed some big businesses to move to the front of the line. The PPP was intentionally designed to fail.
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