Pelosi Statement on Biden Executive Actions on Relief for Small Businesses

Statement

Speaker Nancy Pelosi issued this statement on executive actions taken by the Biden-Harris Administration to increase equitable assistance for small businesses:

"Today, President Biden has extended a lifeline that will make a difference for struggling small businesses, save American jobs and power the American economy, while promoting equity and fairness across Main Street.

"These vital reforms will expand access to the Paycheck Protection Program to the hardest-hit businesses that anchor our low and middle-income and communities of color. Importantly, they will ensure that sole proprietors, which are overwhelmingly women and minority-owned and also serve our immigrant communities, are not left behind. The Biden Administration's reforms will also build on recent PPP successes in increasing assistance to businesses with ten or fewer employees in underserved and rural areas and through community-based lenders that specialize in serving those markets.

"As President Biden advances these actions, the House is preparing this week to pass the President's American Rescue Plan: transformative legislation to crush the virus and deliver urgently needed relief. We urge Republicans in Congress to join us in support of this necessary relief package for families and small businesses in their communities and throughout the country."

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