Legislation from Sen. Richard Burr (R-N.C.) would provide more federal support for small business owners during COVID-19. | Stock Photo
Legislation from Sen. Richard Burr (R-N.C.) would provide more federal support for small business owners during COVID-19. | Stock Photo
U.S. Sen. Richard Burr (R-N.C.) proposed a bipartisan bill that will expand small business support during the COVID-19 pandemic to allow those owners to access two federal programs to help provide benefits to their employees.
The bill was proposed on July 22, with support from Sen. Maggie Hassan (D-N.H.), a news release on Burr's website said.
"Small businesses across the nation continue to face unprecedented challenges," Burr said in the July 22 news release. "One way we can help is by giving eligible small businesses and non-profits the ability to retain their employees and continue to provide health care coverage. That’s why I’m proud to work with Senator Hassan on this legislation, which will improve the coordination between these two existing programs and help Main Street businesses overcome this economic uncertainty."
The Coronavirus Aid, Relief and Economic Security (CARES) Act created the Paycheck Protection Program (PPP) and the Employee Retention Tax Credit (ERTC). The bipartisan bill makes it so that small businesses can utilize both programs.
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