Rep. Rouda Votes to Pass Coronavirus Interim Emergency Funding Package
Washington, DC - Today, Congressman Harley Rouda (CA-48) voted to pass a bipartisan agreement on an interim emergency funding package. This legislation funds the Paycheck Protection Program (PPP), provides funding for hospitals, and financial assistance for testing.
"I am proud to support this package — but it is not enough," said Rouda. "50,000 of our fellow Americans have died, 26 million Americans have filed for unemployment, cities are on the brink of bankruptcy, and tens of thousands of small businesses will not receive the financial assistance they need. More must be done to help Americans put food on the table and pay their bills. I will continue fighting on behalf of Orange County small businesses and working families."
WATCH: Rep. Rouda speaks on House floor.
The bipartisan emergency funding package:
- Strengthens the Small Business Paycheck Protection Program by adding $30 billion reserved for community-based lenders, small banks and credit unions, and $30 billion for medium-sized banks and credit unions
- Secures $50 billion for SBA disaster lending through the Small Business Economic Industry Disaster Loan (EIDL) program
- Secures $75 billion for hospitals and health care facilities
Secures $25 billion for COVID-19 testing