While Congress is fast-tracking the next stimulus package, problems with existing recovery programs remain unaddressed, ICBA President and CEO Rebeca Romero Rainey wrote in an op-ed this week.
Background: Due to the use of the budget reconciliation process to expeditiously pass the Biden administration's $1.9 trillion stimulus plan unaltered, updates to the Paycheck Protection Program will need to be addressed separately.
ICBA Advocacy: In her op-ed on Medium, Romero Rainey writes that Congress needs to address PPP issues related to first-draw increase eligibility, second-draw use of proceeds, farm partnerships, and the Save Our Stages Program.