My district, #TX21, is home to the most restaurants per capita in Texas, employing more than 50,000 Texans. We've watched many of our favorite restaurants and institutions close for good over the past few weeks.
It isn't a Republican or Democratic problem. It's an American one.
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After listening and meeting with business owners and employees, we are introducing a bill to provide much-needed flexibility to the PPP loan requirements. For specifics on our bipartisan legislation, please click on the following link:https://roy.house.gov/media/press-releases/reps-chip-roy-and-dean-phillips-release-paycheck-protection-flexibility-act …
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Wear a mask!
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Love seeing a bi-partisan effort. Can I add refinancing SBA Loans to this? Rather than forbearance, Refi, stretch the terms, and lessen the monthly payment. This should minimize defaults. Benefits Lender and Loan holder. Gives us time to get revenues back to "normal" levels
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I'm not sure, but it may be mathematically impossible under the current
@SBAgov rules for a self-employed sole proprietor to reach 75% of the maximum allowable amount of their PPP loan as payroll (2.5 x monthly earnings from the previous year vs 8 weeks from the previous yr)Merci. Twitter en tiendra compte pour améliorer votre fil. SupprimerSupprimer
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What’s the latest on this?
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Thank you Chip!
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This is a PR move. PPP is for the people, this just means businesses get to keep $$ and the workers get nothing. Political shock and awe, Chip's trying to confuse and confound. Support local businesses, it's not hard. Vote People!
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Trickle down economics, now where have we heard that before? Hope it works this time, not holding our collective breath.https://twitter.com/RiegerReport/status/1280156549776920578?s=20 …
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Angela Merkel yesterday: "As we are experiencing first-hand, you cannot fight the pandemic with lies and disinformation any more than you can fight it with hatred or incitement to hatred... The limits of populism and denial of basic truth are being laid bare." (via
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