[Congressional Record Volume 166, Number 99 (Wednesday, May 27, 2020)]
[House]
[Page H2291]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




            UTAH BUSINESS OWNERS AFFECTED BY THE CORONAVIRUS

  (Mr. McADAMS asked and was given permission to address the House for 
1 minute.)
  Mr. McADAMS. Madam Speaker, I am in Washington to continue to fight 
for Utah's business owners and our working families affected by the 
coronavirus.
  The Paycheck Protection Program was designed to help small businesses 
stay afloat and to keep employees on the payroll.
  Utah financial lenders processed more than $5.2 billion in loans to 
help our businesses, but we must make sure the program works for these 
businesses, and especially for their employees.
  Some Utah small businesses affected by the COVID-19 shutdown, through 
no fault of their own, may not be open or fully functional within 8 
weeks. That is the original deadline to spend the funds for loan 
forgiveness.
  The bipartisan bill I support today extends the loan forgiveness 
period to include costs incurred over 24 weeks and provides additional 
flexibility to ensure PPP is the lifeline it was meant to be.
  Utah small businesses are trying do the right thing by their 
employees, their customers, and local communities. This legislation 
supports them in that effort and improves the likelihood of a stronger 
economic recovery.

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