Opinion | Rep. Katie Porter: 'Our smallest, most vulnerable businesses are losing out and at risk of disappearing. That’s especially true for women- and minority-owned businesses, 90 percent of which have been unable to get PPP loans.' - NBCNewsThink
that others have a much more urgent need for. But we won’t be able to do anything until we are able to open the PPP books. For most small businesses, this should be no problem, because they have nothing to hide. But for businesses trying to game the system, the public scrutiny will be a check on their greed. The American people deserve to know that their taxpayer dollars are supporting those who need help most.
Unfortunately, we know that unscrupulous business owners have been applying for and taking funds that others have a much more urgent need for., which became law March 27. It helps small businesses keep employees on payroll, which lets these workers stay connected to their benefits and ready to go back to work as soon as is safe. Congress allocated nearly $300 billion to the PPP in the CARES Act, and we doubled this amount in late April as it became clear that many more businesses needed help.
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