As the world continues to deal with the terrible effects of the COVID-19 pandemic, Senate Republicans have rushed to respond to the immediate demands of the American people.
Because of efforts regarding containing the spread of COVID-19, small businesses are expected to take financial blows.
As a result, Florida Senator Marco Rubio (R), the Chairman of the Senate Committee on Small Business and Entrepreneurship; Maine Senator Susan Collins (R), Chairwoman of the Senate Special Committee on Aging; and Tennessee Lamar Alexander (R), the Chairman of the Senate Committee on Health, Education, Labor, and Pensions, joined forces to release the Keeping Workers Paid and Employed Act, which is a $300 billion small business emergency economic relief plan that is designed to help any small business facing an economic impact as a result of COVID-19.
In a statement, discussing the efforts to help impacted small businesses, Senator Rubio explained that “the economic uncertainty and potential global impact we are facing due to the coronavirus pandemic are unprecedented.”
He detailed that “America’s more than 30 million small businesses – and the 59.9 million individuals they employ – today face the prospect of going bankrupt.”
Rubio noted that “they face this threat due to no fault of their own, but because of a global pandemic that takes human lives and grinds productivity to a halt.”
So, “the Keeping Workers Paid and Employed Act is the best path forward to help businesses and their employees endure this catastrophic disruption.”
The Florida Senator asserted that “Congress must set aside our normal procedural and partisan games to act without delay.”