WASHINGTON – Wednesday, U.S. Senators Amy Klobuchar (D-MN), Chris Coons (D-DE), and Ben Cardin (D-MD), ranking member of the Small Business Committee, announced that their $17 billion Small Business Debt Relief Act is included in the third COVID-19 response package that is expected to be passed into law soon.
“Small businesses and their workers are under incredible stress right now, and we have to do everything we can to help them weather the economic turmoil caused by the coronavirus pandemic, stay in business, and keep their workers employed,” Klobuchar said. “The Small Business Debt Relief Act will provide immediate financial relief for many small businesses in Minnesota and across the country. I will continue working to support all small businesses during this time of crisis.”
The Small Business Debt Relief Act of 2020 will be a lifeline for a wide range of American small businesses fighting for their survival over the coming months.