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United Senator Tim Scott (R-SC) joined House Republican Leader Kevin McCarthy (CA-23) in an op-ed published in The Wall Street Journal. The two members discussed the need for Congress to quickly replenish funds for the Paycheck Protection Program. The announcement from Republican Scott’s office blames their opposition party, claiming that “Congressional Democrats continue to press for revisions that would make the program more costly, complicated and confusing for small businesses to receive their loans in a timely fashion.” Part of the letter to the newspaper reads:

“Small-business layoffs increased tenfold in March as economic activity shut down to prevent the spread of Covid-19. As Congress continues to address this crisis, we must replenish funds for the Paycheck Protection Program, the largest small-business relief package in American history. According to the Small Business Administration, more than one million loans have been approved, with more than $247 billion processed. The $350 billion Congress allocated is expected to run out by Friday.

Everyone agrees the program needs more money. But instead of acting quickly to protect millions more jobs, Democrats are pressing for revisions that would make the program more costly, complicated and confusing for small businesses and their employees to receive loans in a timely fashion.”