WASHINGTON, D.C. (May 28, 2020) — The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, released the following statement from Kevin Kuhlman, Vice President of Government Relations, in response to the United States House of Representatives’ passage today of H.R. 7010, the Paycheck Protection Program Flexibility Act of 2020:
“Small business owners are working hard to safely and swiftly reopen and rehire. They are doing all that they can to support their employees and ensure that they are in full compliance with the provisions of the Paycheck Protection Program loan terms. The Paycheck Protection Program Flexibility Act of 2020 grants small business owners urgently needed flexibility by extending the loan forgiveness period and reducing the payroll limitation of the program. We urge the Senate to act quickly to consider the legislation.”
The vote on H.R. 7010 today is considered an NFIB Key Vote for the 116th Congress. NFIB sent a key vote letter to members of the U.S. House of Representatives urging them to support this critical legislation for small businesses.