Washington, D.C. – U.S. Senator Catherine Cortez Masto (D-Nev.) hosted a phone conversation with the executive directors of Nevada’s Chambers of Commerce to discuss Nevada businesses’ ongoing needs in response to the coronavirus pandemic. During the call, the Senator discussed her work in the Senate to advocate for the passage of additional COVID-19 relief legislation that includes funding for small businesses and local governments to help support local economies in their efforts to safely re-open.
“Nevada’s businesses are working incredibly hard to protect the health of their employees and customers, serve their communities and safely re-open our economy. I want to ensure that they have every possible resource, from SBA loans to personal protective equipment, to help them weather this pandemic. After hearing from Nevada’s local leaders, it is abundantly clear that Congress must pass additional coronavirus relief legislation that will help boost Nevada’s economy and ensure our businesses rebound stronger than ever.”
BACKGROUND:
Senator Cortez Masto helped pass the CARES Act to provide economic relief and Small Business Administration (SBA) loans to small businesses and supported an additional $370 billion in funding for the SBA’s Paycheck Protection Program (PPP) and Economic Injury Disaster Loan Program (EIDL). She has since urged the SBA to quickly administer PPP and EIDL loans to Nevada small businesses who have been most impacted by the COVID-19 pandemic.
She has also advocated for Congress to provide additional support for the gaming, hospitality, travel and outdoor recreation industries. She sent a letter, along with the entire Nevada Congressional Delegation, asking that any legislation to address the economic impact of this crisis also provide relief for Nevada’s travel and tourism industries. Senators Cortez Masto and Jacky Rosen also helped secure the reversal of a Small Business Administration (SBA) rule that previously barred small gaming businesses from participating in the Paycheck Protection Program (PPP).
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