Many of these businesses utilize the Paycheck Protection Program to help them cover payroll and other expenses earlier this year. 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. (12:21–12:29)
CLAIM
Asserts provision of $284 billion for the Paycheck Protection Program.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
