DearColleague.us

Letter

Jack Bergman

From the office of:

Jack Bergman

Sending Office: Honorable Jack Bergman
Sent By:
Remy.Fortin@mail.house.gov

        Request for Signature(s)

CLOSING TODAY @ 1pm – CO-SIGN: Help SBA Keep PPP Prepared for New Funding // Reps. Jack Bergman and Xochitl Torres Small

Dear Colleague:

As you know, the Paycheck Protection Program (PPP) has expended all funds, and SBA has stopped accepting new borrower applications and approving new lenders for the program.  Millions of lenders and borrowers have missed the opportunity to participate in
the first tranche of this high-demand program until PPP is replenished.

As Congress works to pass new appropriations, we invite you to join us in urging SBA and Treasury to keep accepting PPP applications and approving new lenders in anticipation of more funding.  While these loan applications wouldn’t be processed to completion,
we need to keep PPP primed for its reopening.  This continuity would keep the gears turning for lenders and borrowers left out of the first $349 billion and allow SBA to continue working through technical flaws in the system. 

Additionally, the letter asks SBA to report on the amount of applications it continues to receive in order to demonstrate to Congress the urgent need for additional PPP relief.  

Please contact Remy Fortin (remy.fortin@mail.house.gov) in Rep. Bergman’s office with questions or to co-sign today by 1pm. 

Sincerely,

Jack Bergman

Member of Congress

 

Xochitl Torres Small

Member of Congress

 

Please find the text of the letter copied below—

Dear Secretary Mnuchin and Administrator Carranza,

We are grateful for your work in recent weeks to implement the Paycheck Protection Program (PPP) and deliver relief directly to millions of small businesses and their employees. Today, we write on behalf the millions more still in need of assistance through
this SBA lifeline and ask that you consider continuing administrative processes to accept loan applications and approve new lenders in anticipation of a congressional replenishment to PPP.

As of April 15th, the PPP has expended its full $349 billion for loans authorized by the Coronavirus Aid, Relief, and Economic Stimulus (CARES) Act, and SBA has announced it will no longer accept applications for new loans. We have heard many
concerns from small businesses and lenders in our districts who were cut out of the PPP when the funding was exhausted due to high demand and partisan gridlock, especially as some lenders are still trying or only recently gained access to the E-tran system
to submit PPP applications.

The SBA and Treasury should maintain operations within the program which will ultimately help current and prospective program participants. Specifically, we request you continue accepting new applications and expanding the list of SBA-approved lenders to
prepare for the next round of appropriated funds. Through this continuity, we can keep the gears turning for impacted businesses, limit the need for application resubmissions, and further our ability to identify and address any technical flaws. In the face
of the coronavirus pandemic, we must prime PPP for when its doors are reopened to our nation’s small businesses.

Partisan gridlock is once again failing the American people, but maintaining certain PPP processes will put additional pressure on Congress to swiftly replenish this program.  To the extent possible, SBA should consider issuing periodic reports to Congress
and the public on the amount of PPP applications received during this lapse in funding in order to emphasize the urgent need. 

We are committed to overcoming this needless delay in Congress, and we know that SBA and Treasury will not rest either.  Thank you for considering this request and for your tireless work to expedite relief to the hardworking small businesses which drive
our nation.

Sincerely,

 

Related Legislative Issues

Selected legislative information:Appropriations, Economy, Finance, Small Business

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