House Republicans will attempt to quickly force a vote on a bill to replenish a key coronavirus small business aid program, according to congressional aides.
The GOP lawmakers on Wednesday will unveil a two-part proposal designed to restart the Paycheck Protection Program. Reps. Steve Chabot of Ohio and Jaime Herrera Beutler of Washington plan to introduce proposals to reopen applications for the $138 billion that remains unspent from the small business loan program, along with a so-called discharge petition to force a vote on the bill.
Under the legislation, companies could apply for a second loan if they have fewer than 300 employees and have seen revenue decline by 25%. The GOP is expected to be able to start gathering signatures on the petition next Friday, and would need 218 to move toward a vote. If all 198 Republicans support the move, the party would need 20 Democrats to join.