“I’d like to make it 10, frankly, but I think it’d probably survive the process at 25,” she said.
The Democrats’ bill would also expand small business relief to nonprofits that were previously excluded, such as 501(c)(4) and 501(c)(6) organizations, Pelosi said.
Other options
Pelosi acknowledged that the PPP would never be able to help the roughly 30 million small businesses throughout the country and that other proposals might be more efficient in providing relief to all. She said a guaranteed income proposal from Rep. Pramila Jayapal, D-Wash., and Sen. Elizabeth Warren, D-Mass., was “very worthy of consideration.”
Jayapal’s bill would provide employers a three-month grant to cover worker wages and benefits, retroactive to March 1.
“A path from 3 million to 30 million is a long road,” Pelosi said, referencing the roughly 3 million businesses benefiting from PPP. “And this other paycheck guarantee might be a faster route for us to go.”
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May 06, 2020 at 07:41AM
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Details start to emerge about House Democrats' coronavirus relief bill - Roll Call
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