[Congressional Record Volume 166, Number 130 (Thursday, July 23, 2020)]
[House]
[Page H3700]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




          SUPPORTING THE PAYCHECK PROTECTION FOR PRODUCERS ACT

  (Mr. THOMPSON of Pennsylvania asked and was given permission to 
address the House for 1 minute and to revise and extend his remarks.)
  Mr. THOMPSON of Pennsylvania. Madam Speaker, I rise today to share my 
support for H.R. 7175, the Paycheck Protection for Producers Act. I was 
pleased to cosponsor this legislation with Representatives Joyce, Kind, 
and Brindisi.
  The bill is simple. It would expand access to the Paycheck Protection 
Program for farmers and ranchers, folks who are no strangers to 
economic hardship.
  Many farmers and ranchers, particularly our dairy farmers, have been 
deemed ineligible to receive PPP loans due to negative net incomes. 
With this legislation, producers filing a schedule F will be allowed to 
use their gross income rather than their net income when calculating 
their PPP loans.
  We owe these folks a great deal of gratitude for working around the 
clock through the COVID-19 pandemic to ensure the continuity of the 
food supply chain. The Paycheck Protection for Producers Act will allow 
these producers to be on an even footing with every other American 
small business, and I urge my colleagues to join us in supporting our 
farmers and our ranchers.

                          ____________________