After Hearing from Minnesota Businesses, Phillips Urges Administration to Improve Relief Programs
As Congress returns to Washington to vote on hundreds of billions of dollars in additional funding, Rep. Phillips is standing up for Minnesota small business owners
In a letter to the U.S. Department of Treasury and Small Business Administration (SBA) today, Rep. Dean Phillips (MN-03) urged the agencies to make changes to the Economic Injury Disaster Loan (EIDL) program and the Paycheck Protection Program (PPP) so that they will better serve the Minnesota job-creators in most need of relief.
Demand for these programs quickly outpaced funding provided by the Families First Coronavirus Relief Act and CARES Act. While congressional leaders have reached an agreement to inject new funding into the relief programs, cumbersome and short-sighted Administration rules will still leave many Minnesota small businesses unable to qualify for or use them.
Phillips, who has spent countless hours speaking with Minnesota small businesses and Chambers of Commerce, demanded urgent congressional action in support of small businesses last week, and made the following requests of the Administration in his letter today: