[Congressional Record Volume 166, Number 54 (Friday, March 20, 2020)]
[Senate]
[Page S1863]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SENATE LEGISLATIVE AGENDA
Mr. ENZI. Mr. President, I want to associate myself with the remarks
of the leader. I want to thank him for all of his efforts to pull these
task forces together who are now working across the aisle to come up
with this package that we should be able to start working on today or
tomorrow.
I appreciate his comments that we are going to work through the
weekend. This is unusual for the Senate and for the House, but the
Senate is here, the Senate is working, and we are trying to come up
with solutions that will keep America moving.
I particularly want to talk about one piece of the package because I
have been getting calls from small businesses--small businesses that
are saying: We have been shut down; we have been told that we can't do
anything with our business right now.
Now, it is not all businesses. I do know that grocery stores are
doing very well, probably having their best year ever. That will tail
off a little later in the year, when people are oversupplied, but right
now grocery stores are probably doing well.
Every other part of the economy is doing poorly, whether it is
restaurants or shoe stores. I think I saw where they even got
permission now to deliver liquor. Before, you had to buy it in the
store. You couldn't get it delivered to your house. But, it is a
concession, because of the difficulty that we are having, to keep from
shutting down every business. That concession has been made in some
places now.
But my point is that small business employs most of the people in
this country, and small business is the one that is having difficulty
right now. Big businesses always have a little bit of leeway, a little
bit more of a forward plan, and because of their size, they have more
flexibility. A small business does not have that.
What has been brought to my attention this last week are people who
have payroll coming up. They have said: Now, we have been kind of shut
down--shut down by the government, they like to say, but it is shut
down by the virus, actually. The virus is what is creating this panic,
and in order to keep people well, we have suggested all these different
things that people ought to be doing, and I hope they are following
that.
But, for small business, this is disastrous. If they are not selling
anything, they have no cash to pay their employees. If they are not
selling anything, they don't need the employees. If they don't need the
employees and they fire the employees, then, they go onto unemployment.
And the unemployment lines are long.
That is not where we want people. We want people--particularly the
ones who are trained for a particular job--to be available for that job
the minute that job is available again.
One of these packages takes care of that situation. One package will
provide for loans to small businesses, provided they keep their people
on.
Now, remember, these people aren't producing anything. So there is no
revenue coming in to pay that loan off. So it also provides that,
provided they keep their employees and when the thing is over they
still have their employees, the payroll part of that and any immediate
need--there are other things that they absolutely have to pay. They
have to pay their rent, or somebody else has a financial problem. They
have to pay for the electricity and the heat and all of the regular
things that a business has to pay for, besides employees. But, provided
they have kept those employees on, those direct costs will be forgiven.
So that is encouragement for every small business out there to relax a
little bit.
I always say that the definition of a small business is when the
owner wakes up in the middle of the night and says: Tomorrow is
payroll. How am I going to make payroll?
Believe you me. That happens to those small business men out there.
If you have a bad week, who doesn't get paid? The owner doesn't get
paid. He has to pay those people, and he does pay those people because
he wants those people around.
That is the crisis we are facing: How do we keep those people around
so that, when the business comes back, they are available and the
business can go forward as it did in the past?
This package will do that. I only wish that there was some way we
could do it faster than Monday. And don't hold your breath. We are
talking about Congress. That doesn't mean things will get done by
Monday. They ought to be done today, but Monday looks like the earliest
possible time that they can get done.
So the message that I am giving is this: Small business men, hang on.
Hang on a little bit longer. If this passes, you will be able to keep
your employees.
Their employees will be paid. That is important. That is the way to
get money out into the economy: Pay employees, and let them keep their
health insurance that way. If they go onto unemployment, they lose
their health insurance. We don't want that to happen either
So this is the solution that needs to happen right away for the
employees, as well as the employers. I had a call from one this week
who said: I have to declare bankruptcy. If you do something, will I not
be eligible because I declared bankruptcy? It is a reorganization
bankruptcy, but I need to reorganize so I can find the cash to pay my
employees.
So I am pretty sure that the bill has a stipulation in it that, if
you declare bankruptcy after March 1, you will be eligible for this
plan and be able to keep your business going--not in a comfortable
situation, because none of us knows when this is all going to be over.
None of us knows what the residual effects are going to be on the
business world.
But we do need to have a vibrant business world out there providing
for the needs of people. We have really become reliant on others.
Hardly any of us produce our own food anymore. Hardly any of us produce
anything that we use anymore.
We could and we can--and people probably are--just get by, but that
is not what we are used to. That is not what we expect. That is not how
we live. That is not how we enjoy life. We enjoy it by being able to
have a job and buy the things that we need to have and do the
recreation that we want to do.
So I am hoping that this package can go through in an expedited way,
and I am particularly hopeful that the small business part, which is
where most of the people in the United States work, can go through so
that they can be paid, so that they can keep their insurance, and so
that they are ready to do what they have been trained to do and want to
do and like to do when the time comes that this virus has passed and
people can be out there doing all of the things that they like to do
again.
So I encourage the small business men to hold on. Help is coming.
That is pretty tough to hear from Congress, I am sure, but this is one
where I think people are realizing the severity and the importance of
speed and how many people there are. Well, I don't think we have quite
grasped how many people yet are involved in this and could be saved by
this, but we will.
I ask that the businesses hang on while we do our job, and I thank
the Senate for staying through the weekend to work this problem so that
we can do it in a timely manner--hopefully, by Monday.
Hang on out there, America. Help is on the way.
I yield the floor.
I suggest the absence of a quorum.
The ACTING PRESIDENT pro tempore. The clerk will call the roll.
The senior assistant legislative clerk proceeded to call the roll.
Mr. DURBIN. Mr. President, I ask unanimous consent that the order for
the quorum call be rescinded.
The ACTING PRESIDENT pro tempore. Without objection, it is so
ordered.
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