The Congressional Record is a unique source of public documentation. It started in 1873, documenting nearly all the major and minor policies being discussed and debated.
“PAYCHECK PROTECTION PROGRAM” mentioning Charles E. Schumer was published in the Senate section on page S1663 on March 22.
Of the 100 senators in 117th Congress, 24 percent were women, and 76 percent were men, according to the Biographical Directory of the United States Congress.
Senators' salaries are historically higher than the median US income.
The publication is reproduced in full below:
PAYCHECK PROTECTION PROGRAM
Mr. SCHUMER. Madam President, PPP. In addition to these nominees, the Senate has another important matter of legislative business on the agenda this week: an extension of the bipartisan Paycheck Protection Program, which is set to expire at the end of the month.
Since its inception, the Paycheck Protection Program has generated more than 7.8 million loans to keep America's businesses afloat during what has been the worst economic crisis in three-quarters of a century, since the Great Depression. With the help of the American Rescue Plan, our economy is finally turning the corner, but businesses are not out of the woods yet and are likely to need assistance for another few months as the country continues to recover.
Most borrowers are currently awaiting loan approvals at the Small Business Administration, and many more are still looking to apply. Working with the Biden administration, we made important changes to the PPP program to expand eligibility and access to nonprofits, to hard-hit independent venues, and to make it easier for the smallest, most underserved businesses to get relief, particularly microbusinesses, sole proprietors, and woman-owned and minority-owned businesses.
There is no reason--no reason--to let this program expire while there are still scores of applicants in line and billions of dollars left in the program. The House already passed the extension of the program by an overwhelmingly bipartisan vote, 415 to 3. A bipartisan group of Senators, including Senators Cardin and Collins, Shaheen, Marshall, Sullivan, and Murkowski, support identical legislation here in the Senate.
So we are not going to end this week without passing an extension. Again, the Senate must pass another extension of the Paycheck Protection Program before the end of the week and make sure the Nation's small businesses can have access to this very vital lifeline.
I yield the floor.
I suggest the absence of a quorum.
The PRESIDING OFFICER. The clerk will call the roll.
The legislative clerk proceeded to call the roll.
Mr. DURBIN. Madam President, I ask unanimous consent that the order for the quorum call be rescinded.
The PRESIDING OFFICER. Without objection, it is so ordered.
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