Senate Small Business Stimulus Bill ForthcomingMarch 18, 2020
The landscape for small business relief continues to churn in the Senate today, with Sen. Marco Rubio (R-Fla.), chair of the Senate Committee on Small Business and Entrepreneurship and Sen. Susan Collins (R-ME), a senior member of the Appropriations Committee and the Health Committee scheduled to speak at a press conference today where they will unveil a small-business stimulus bill. The legislation, The Restoring Economic Security, Confidence and User Endurance (RESCUE) Businesses Act of 2020, is a $300 billion small business emergency economic relief plan that aims to help small businesses impacted by COVID-19.
NSBA President and CEO Todd McCracken has been in contact with Sen. Rubio and briefed several Senators earlier today on the state of small business in America today—see our recently released poll—and what small business needs in terms of a government stimulus package.
NSBA is continuing to emphasize the need for any relief package to be quickly implemented and easily accessible to all small businesses.
“Maintaining small-business cash-flow and liquidity are key to enabling successful small businesses to get to the other side of this crisis. Time is of the essence – small businesses need help NOW, and we must utilize the infrastructure already in place at the U.S. Small Business Administration in order to get financing programs off the ground quickly,” stated McCracken.
NSBA will continue to provide analysis and updates on the RESCUE Businesses Act and other key pieces of legislation that will impact the small-business community – please stay tuned.
Please click here to access NSBA’s resource page on COVID-19 which includes a new poll, small-business profiles and much more.