Paycheck Protection Program

Floor Speech

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Mr. McCONNELL. Madam President, yesterday evening, the Senate passed a few targeted changes so that Senator Collins' and Senator Rubio's historic Paycheck Protection Program will continue to protect American workers and small businesses through this pandemic.

Back in March, these Senate leaders hand designed this plan to push unprecedented assistance to working families and Main Street businesses. Once again, in April, they led the charge to refill their popular and successful program with more money so it could help even more Americans. In the weeks since, our colleagues have continued to track the program's operation and recommend further tweaks where necessary.

In recent days, both Senator Collins and Senator Rubio helped to strengthen and improve the House's proposed PPP modifications before it actually passed the bill and sent it over to us, and I know the senior Senators from Maine and Florida have already identified several more technical fixes for the new legislation that, I hope, Congress will address.

Talk about legislation making a difference. Thanks to Senator Collins, Chairman Rubio, and our other colleagues who helped to make this program a success, the PPP has delivered more than a half a trillion dollars in relief and has literally saved tens of millions of American jobs.

So, as we continue to stay nimble and continue our efforts, I just had to thank and recognize the architects of this historic program--the senior Senators from Maine and Florida--for helping to soften the blow of this pandemic for so many American families.

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