Congress hit the refill button on the critical Paycheck Protection Program (PPP) to provide an additional $310 billion for businesses with less than 500 employees.
The Senate signed off on the deal, and the House is expected to give their approval by early next week.
In announcing the new funding, U.S. Sen. Cory Gardner said more than $7.3 billion has gone to small businesses in Colorado to keep workers on payrolls and is one of the most important aspects of the CARES Act.
“While reloading the program is the top priority, I’ve heard directly from thousands of small business owners and workers across Colorado who have said there needs to be some changes to reflect on-the-ground realities. Many businesses I have spoken with are frustrated by feeling locked out of the program and confused by ambiguous rules standing in the way of relief,” Gardner said.
People are also confused that Democrats found it necessary to play politics with the funding and block its renewal since April 9.
The uncertainty Democrats created forced some businesses to close their doors and forced even more workers into unemployment.