Post sponsored by NewzEngine.com

Source: United States House of Representatives – Representative Antonio Delgado (NY-19)

October 1, 2020

Press Release

WASHINGTON, DC – Today, U.S. Representative Antonio Delgado (NY-19) voted for a revised coronavirus relief package based largely on the Heroes Act, legislation that passed the House in May but has yet to be considered in the Senate. This latest proposal includes a number of priorities championed by the Congressman to bring urgently needed assistance to communities across New York’s 19th Congressional District. The text has Rep. Delgado’s Small Business Debt Relief Extension Act to automatically extend repayment measures for qualified SBA loans, as well as his Prioritized Paycheck Protection Program or P4 Act, which allows the hardest hit businesses to apply for additional PPP funding. The bill also includes Rep. Delgado’s Direct Support for Communities Act, which creates a distribution formula for state and local funding to ensure that all localities, regardless of size, receive direct federal support.

“Throughout this pandemic, I’ve visited communities all across the district and heard the same theme from my conversations with small business owners, family farmers, educators, and local officials: our nation needs assistance, now,” said Rep. Delgado. “I am particularly proud that this legislative package incorporates three bills I introduced, including Small Business Debt Relief Extension Act, and the Prioritized Paycheck Protection Program Act to provide small businesses with automatic loan repayment and renewed access to PPP funding. Importantly, this bill also utilizes my Direct Support for Communities Act to ensure that the $238 billion in state funding and $179 billion in local funding is distributed to communities of all sizes, including those upstate. I will keep pushing, every single day, as long as it takes, to get our region the resources we need to rebuild and recover from this global health emergency.”

The legislation features a number of Rep. Delgado’s priorities, including:

  • $179 billion for local governments and $20.69 billion for New York State. The local funding is distributed using the formula in Rep. Delgado’s bill, the Direct Support for Communities Act, a bipartisan, bicameral proposal to ensure counties, cities, towns and villages of all sizes can access urgently needed federal funds.
  • The Small Business Debt Relief Extension Act, which builds on Rep. Delgado’s Small Business Repayment Relief Act, which was signed into law as part of the bipartisan CARES Act. Delgado’s original bill provided $17 billion for automatic loan repayment for small businesses. His latest proposal extends those debt relief payments by 6, 12, or 18 months depending on the loan type. It ensures the benefit is not taxed as annual income and improves program integrity and transparency through increased outreach and reporting.
  • The Prioritized Paycheck Protection Program (P4) Act. This legislation allows smaller businesses with significant losses due to COVID-19 to receive a second forgivable PPP loan.

The updated Heroes Act also encompasses multiple Delgado-backed bills:

  • The RESTAURANTS Act, which creates a $120 billion restaurant revitalization fund to provide grants to independent restaurants or drinking establishments, an industry particularly hard-hit by the pandemic. These grants will help cover payroll, food, utilities, rent and more.
  • The Save Our Stages (SOS) Act, which creates a $10 billion grant program to provide grants to live venue operators, producers, promoters and talent representatives, another industry deeply impacted by COVID-19. The grants can be used for rent, utilities, mortgage, PPE procurement and more.

In addition to Rep. Delgado’s priorities, the legislation passed by the House today includes a second round of stimulus checks for working families across the country. The bill also provides unemployment benefits, supplemental funding to expand COVID testing and tracing, resources for supplemental nutrition assistance, federal funds for rural housing, block grants to invest in rural broadband, federal dollars to support mental health resources, and more. A one-pager with highlights of the legislation can be found here.
 

###

MIL OSI USA News