DearColleague.us

Letter

Tony Cardenas

From the office of:

Tony Cardenas

Sending Office: Honorable Tony Cardenas
Sent By:
Devin.Kolb@mail.house.gov

Dear Colleague,

Please join us in sending a letter to House Leadership requesting that the next coronavirus response package include a data collection mechanism to ensure minority-owned businesses have access to vital loans and grants provided by
the Small Business Administration’s Paycheck Protection Program. As we continue to respond to the COVID-19 pandemic and the economic crisis that it has brought with it, it is critical that we ensure our relief efforts are benefitting all communities and leaving
no Americans behind.

Business owners of color have historically faced greater barriers in accessing the capital that their businesses need to get started and operate successfully. With the creation of the $349 billion Paycheck Protection Program, it is vital that Congress has
a full accounting of which businesses are receiving these loans. That is why we are requesting that the next COVID-19 recovery package include a reporting requirement that will allow Congress to track data on the PPP, including the number of applications submitted
by minority-owned businesses and their rates of approval and denial.

The Paycheck Protection Program is unprecedented in scale and scope, and with that comes a responsibility for Members of Congress to do everything in our power to ensure that all Americans in need of this relief have fair and just access to the program.
We cannot meet this responsibility without a thorough accounting of the data.  

We welcome the support of our colleagues on this critical issue. To cosign the letter, please reach out to
Devin.Kolb@mail.house.gov. The deadline is
COB Thursday, April 16th.

 

Sincerely,
 

 

     Tony Cárdenas                                Judy Chu                                     Marc Veasey 

Member of Congress                    Member of Congress                    Member of Congress