Reps. Sewell Introduces Bipartisan Legislation to Help Small Businesses Rehire Workers Let Go Due to COVID-19

Statement

Today, U.S. Rep. Terri Sewell (D-AL) joined Reps. Carol Miller (R-WV), Stephanie Murphy (D-FL), and Kevin Hern (R-OK) to introduce the Employee Retention Tax Credit (ERTC) Reinstatement Act. The ERTC was designed to help small businesses rehire and retain employees they had to let go due to the COVID-19 pandemic. It was overwhelmingly supported in the bipartisan Coronavirus Aid, Relief, and Economic Security (CARES) Act passed in March 2020.

"From our biggest cities to our rural towns, our nation's small businesses help our communities thrive," said Rep. Sewell. "As we build back better from the COVID-19 pandemic and grow our economy, we must make supporting our small business owners a top priority. By reinstating the Employee Retention Tax Credit, this bipartisan bill will provide much needed relief to Alabama's small businesses, helping them rehire workers lost due to the pandemic. I was proud to join my colleagues in introducing this commonsense legislation and urge swift passage!"

"I'm pleased to lead my Ways and Means colleagues in introducing the Employee Retention Tax Credit Reinstatement Act," said Rep. Carol Miller, lead Republican sponsor. "By reinstating the ERTC, struggling small businesses can access one of the last remaining pandemic recovery programs to receive the help they need to replenish their workforce and get back on track. As we continue to emerge from this public health emergency, we must remember that small businesses in West Virginia and across the country still need our support. I urge Congressional leaders and President Biden to pass our bill into law as soon as possible to give these businesses and employees the certainty they need."

"Over the last year and a half I was proud to lead the bipartisan effort to establish the employee retention tax credit, which provides financial support to businesses who retain or rehire workers, rather than lay them off," said Rep. Stephanie Murphy, lead Democratic co-sponsor. "This provision has helped thousands of businesses and their workers recover and rebuild from the COVID-19 pandemic, and so my fellow Ways and Means colleagues and I are introducing this bipartisan legislation to ensure this program can continue and give small businesses and hardworking Americans the support they need."

"Eliminating the Employee Retention Tax Credit was the wrong decision and hurts our small businesses who are still recovering from the economic fallout of the pandemic. We must provide certainty and predictability to American small business owners. I am proud to join my colleagues in support of this legislation and I hope to earn strong bipartisan support in the House," said Rep. Kevin Hern, lead Republican co-sponsor.