But the program expired in August and our hardest hit small businesses are in dire need of more support. This legislation will provide another $284 billion in the paycheck Protection Program. This has been an enormously successful program in my state with 417,000 loans that are convertible into grants under certain circumstances worth some $41 billion. This has been a lifesaver for many of our small businesses and the workers they employ. (12:29–12:43)
CLAIM
Asserts success of the Paycheck Protection Program in Texas with 417,000 loans worth $41 billion.
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