Policy Issues

Coronavirus Policy Comment Letters

Mar 20, 2020

Roundtable and Business Coalition Support The Keeping Workers Paid and Employed Act

View Letter

This week, The Roundtable and business organizations wrote to Senators Marco Rudio (R-FL) and Susan Collins (R-ME) in support of The Keeping Works Paid and Employed Act.

The letter points out two key elements of the Act that would support small business during this crisis: 

  • An emergency loan program to support small businesses during this crisis, with loans made available through private banks, supported with a federal guarantee. Using the private banking system to provide these loans is critical, as small business needs the liquidity immediately.
  • Including in the emergency loan program a clause that forgives a portion of the loan equal to an appropriate percentage of payroll (with an appropriate salary cap) for any business that keeps their employees on salary despite having to shut down.