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Lifeline to Small Businesses

Floor Speech

Date: March 19, 2021
Location: Washington, DC
Issues: Business and Consumers Entitlements and the Safety Net Government Budget and Spending

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Ms. CRAIG. Madam Speaker, last weekend, I visited women-owned businesses in Shakopee, and I had the pleasure of meeting Elise Steger who owns ShakRa Yoga & Fitness.

Throughout the past year, Elise has done everything she can to comply with COVID restrictions while continuing to pay her employees and keep her business open. With the help of the Paycheck Protection Program loans she has also turned to creative solutions like virtual classes, but she has been able to keep her business going.

The Paycheck Protection Program has served as a lifeline to small businesses like Elise's, but in less than 2 weeks it is due to expire. This week we passed legislation in the House on a bipartisan basis to extend this critical program through May 31. We must ensure that that extension becomes law.

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