• 39,638,366
    Dollars Recovered for NY-18
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  • 9,404
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    Bills Signed Into Law

Maloney Helps Pass Bill to Provide Critical Funding for Small Business Programs, Hospitals, and COVID-19 Testing

Apr 23, 2020
Press Release

Maloney Helps Pass Bill to Provide Critical Funding for Small Business Programs, Hospitals, and COVID-19 Testing

Washington, D.C. – Today, Rep. Sean Patrick Maloney (NY-18) helped pass a $484 billion bill to replenish funding for critical programs that assist Hudson Valley small businesses, as well as increase funding for hospitals and testing during the coronavirus pandemic. This package bolsters funding made possible through the Coronavirus Aid, Relief and Economic Security (CARES) Act, which was passed in late March.

“While some economic relief has made it to Hudson Valley families and small businesses, it has been too slow for many of the New Yorkers who need it most. This interim funding package will replenish critical emergency loan and grant programs and get support to our small and family-owned businesses, while also helping our local hospitals and health care heroes,” said Rep. Sean Patrick Maloney.

“I’m disappointed this bill failed to provide desperately needed funding for state and county governments, and the essential workers fighting this pandemic on the frontlines every day,” the Congressman continued. “As Congress works on a second CARES Act, I will continue to advocate for the comprehensive funding our communities and the state need during this pandemic.” 

The interim funding package passed today includes provisions to replenish several programs that have been strained by demand, following the devastating public health system and economic instability caused by the coronavirus. This interim package includes:

Funding for Vital Small Business Economic Support Programs: This bill strengthens the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) with $310 billion of additional funding, with $30 billion reserved for community-based lenders, small banks, and credit unions, and $30 billion for medium-sized banks and credit unions. The bill also expands small business support beyond the PPP with $50 billion for SBA disaster lending, translating into more than $350 billion in loans and $10 billion in disaster grants. This bill will help level the playing field for small and family businesses who were forced to fight for funds with larger, national businesses.
Additional protections and financial support programs for farmers and agricultural producers are also included in this interim bill package.

Funding for Hospitals and Health Care Heroes Funding: This package also secures hard-fought funds totaling $75 billion for hospitals and frontline health care workers. These funds will provide resources to purchase more Personal Protective Equipment (PPE), and support health care providers caring for COVID-19 patients.

Funding for COVID-19 Testing: The key to re-opening our economy will ultimately come down to our ability to increase testing across America. This interim package secures $25 billion for manufacturing and purchasing COVID-19 testing. State and local governments will receive $11 billion of this funding to administer tests and trace possible COVID-19 contacts.

Throughout the past week, Rep. Maloney has met virtually with small business owners, area Chamber of Commerce organizations, and the Orange County Industrial Development Agency (IDA) to discuss the Small Business Administration’s Paycheck Protection Program and Economic Injury Disaster Loans and grants. Many area small businesses have struggled to get adequate financial assistance from the SBA, or have been blocked from applying for the programs entirely, as the initial funding was depleted late last week due to high demand.

Congress is currently negotiating a fifth coronavirus emergency response package, the CARES 2 Act. Rep. Maloney has called for this next phase of emergency supplemental legislation to included critically needed funding for state, local and tribal governments on the frontlines of the crisis. Health care workers, police, fire, EMS, teachers and other workers supported by state, county and local funds need federal support to continue providing care and essential services to Hudson Valley communities.

More information about how to prevent, contain and treat the spread of the coronavirus can be found on Rep. Maloney’s website: seanmaloney.house.gov/coronavirus-emergency-response. Constituents can also sign up for email updates on the coronavirus and upcoming town halls by visiting http://seanmaloney.house.gov/contact.

New York State’s coronavirus hotline is: 1-888-364-3065. More information from the Centers for Disease Control and Prevention can be found by visiting www.coronavirus.gov.