Sen. Rick Scott Statement on Reforms Needed to Make Paycheck Protection Program Work
Senator Rick Scott released the below statement ahead of a deal to provide more funding for the Paycheck Protection Program (PPP).
Senator Rick Scott said, “My focus has and will always be on helping small businesses and individuals that are struggling because of the Coronavirus. I am all for helping these groups and that will never change. I am also very supportive of additional funds toward this program because there are many small businesses that need it. But we cannot throw caution to the wind in the middle of a crisis. We still have to be smart about how we spend taxpayer dollars.
“I am concerned that many businesses with thousands of employees have found loopholes to qualify for these loans meant for small businesses. Unfortunately, when it comes to the PPP, millions of dollars are being wasted. Right now, companies that are not being harmed at all by the Coronavirus crisis have the ability to receive taxpayer-funded loans that can be forgiven. That’s wrong, and it takes money out of the hands of those Americans who really need it. Congress must clarify that PPP loans will only be available to businesses that show a substantial reduction in revenue due to the Coronavirus. Second, I have heard from many constituents that they are unable to access the loans at their bank because of requirements individual banks are setting. These requirements were not in the law and are leading to many small businesses having a very hard time accessing these dollars. Congress must make it clear that banks should not and cannot set these requirements that actively withhold help from those in need.
“What I will not support are efforts by Nancy Pelosi and Chuck Schumer to use this crisis to expand government and fund priorities that have nothing to do with the Coronavirus. We must focus our efforts on helping the individuals and small businesses that need it most – and that’s what I will continue to do.” Read more HERE.
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Sen. Rick Scott Proposes Amendment to Improve Paycheck Protection Program
Senator Rick Scott released the below statement regarding his proposed amendment to improve the Small Business Administration’s Paycheck Protection Program (PPP).
Senator Rick Scott said, “I have heard from many small business owners who have not yet been able to access a PPP loan. If you are one of those businesses, I want you to know that I am fighting to make sure you have access to the important resources you are entitled to through the CARES Act. My first priority is helping American small businesses and individuals that are struggling, and providing more funding through the PPP will do that. Unfortunately, millions of taxpayer dollars are not making it to the small businesses truly in need. As Congress comes to a final agreement, I am urging my colleagues to make two critical reforms that I am fighting for.
“First, my amendment makes sure PPP loans will only be available to businesses that show a substantial reduction in revenue due to the Coronavirus. We shouldn’t be sending taxpayer money to businesses that haven’t been harmed by this crisis and we need to ensure funding goes to the businesses truly impacted.
“Second, my amendment makes it clear that banks should not and cannot set requirements that actively withhold help from those in need. Instead, they must process applications on a first come, first served basis. I’ve shared my proposed amendment with negotiators, and hope my colleagues will put individuals and small businesses first and add this language to the final bill.” Read more HERE.
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Sen. Rick Scott to President Trump: Rescind Higher Education Slush Fund
Following the President’s call for Harvard University to pay the money back from the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Senator Rick Scott outlined his plan to rescind funding for Harvard and other wealthy universities. Last month, Senator Scott sent a letter to the Office of Management and Budget Acting Director Russ Vought urging the Administration to rescind billions of dollars of wasteful and unrelated funding included in the CARES Act, including for the Kennedy Center and the slush fund for bloated higher education institutions.
Senator Rick Scott said, “It’s ridiculous that wealthy universities like Harvard, which has a $40 billion endowment, would get taxpayer funding during a crisis. That takes money out of the hands of small businesses and individuals that need it. The university whose mission is to educate the ‘citizen-leaders for our society’ should show some leadership of their own and return this money. If they continue to refuse to do so, I’m urging the President to immediately submit the rescission request to Congress that I called for two weeks ago so we can rescind the funding to Harvard and other wealthy higher education institutions.” Read more HERE.
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Sen. Rick Scott Urges HHS Oversight in Taxpayer Dollars to Hospitals
Senator Rick Scott sent a letter to U.S. Department of Health and Human Services (HHS) Secretary Alex Azar requesting information on the agency’s plan to oversee and administer Coronavirus-related funding for health care providers and ensure taxpayer dollars are spent wisely, while also giving providers the resources they need to keep Americans healthy. Read more, including the full letter, HERE.
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Sen. Rick Scott Asks IRS to Address Improper Payments and Get Money to Americans in Need
Following reports of improper economic relief payments, Senator Rick Scott sent a letter to the Internal Revenue Service (IRS) Commissioner Charles Rettig requesting that the IRS address issues surrounding these payments so this money can quickly get to Americans hurting from the impacts of the Coronavirus. Read more, including the full letter, HERE.
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Sen. Rick Scott Releases Daily Update on Coronavirus Growth Rate by State and Florida County
This week, Senator Rick Scott continued to release updates on the growth rate of cases of the Coronavirus by state, and by county in Florida, according to Johns Hopkins Center for Systems Science and Engineering and Florida Department of Health data. Senator Scott is releasing this information daily to show which states are slowing the growth of Coronavirus. See updates from this week HERE, HERE, HERE, HERE, and HERE.
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Senator Rick Scott Leads Colleagues in Requesting Hold on WHO Funding Until Congressional Review of its Role in Covering Up the Coronavirus
Senators Rick Scott, Ron Johnson, Thom Tillis, Steve Daines and Kevin Cramer sent a letter to Senate Appropriations Committee leadership requesting that any funding for the World Health Organization (WHO) be withheld pending a Congressional hearing to investigate the WHO’s role in helping Communist China cover up information regarding the threat of the Coronavirus. Read more, including the full letter, HERE. |