Washington, DC—Today, Representative John Curtis (R-UT), spoke at House Committee on Small Business hearing, highlighting the recently passed CARES Act and advocated for the passage of the Paycheck Protection Program (PPP) and Health Care Enhancement Act. The Congressman will be voting for the legislation this afternoon.
“Small businesses are the backbone of the Utah economy. As a matter of fact, they make up 90% of the businesses in my district. As a former small business owner, I have a soft spot in my heart for these courageous entrepreneurs who make constant sacrifices in order to grow our businesses and our economy. Businesses throughout my community need more help, and now. This bill we will vote on later today is critical to delivering resources to the parts of the country and economy that are currently on life support. I’m grateful to be here in Washington DC with my colleagues to vote for this legislation to help our small businesses and their employees.”
- The recently passed CARES Act pumped billions of dollars into Utah’s economy, giving roughly 21,000 Utah businesses with under 500 employees immediate financing to help offset losses related to COVID-19.
- Despite this, businesses and the more than 24,000 Utahns who filed unemployment claims over the past month need more help.
- The Paycheck Protection Program and Health Care Enhancement Act increases funding by over $320 billion for the Small Business Administration’s guaranteed loan program and authorizes an additional $60 billion in funding for SBA’s disaster relief loan and emergency grant programs.