Small Biz applaud bipartisan Senate bill to make critical PPP updates retroactive, say it's urgently needed

April 21, 2021

On the bipartisan Senate introduction of a bill to make changes to the PPP for sole proprietors and farmers retroactive, Main Street Alliance Government Affairs Director Didier Trinh had this to say:

“The bill introduced by Small Business Committee Chair Senator Cardin and a bipartisan group of Senators across the country to retroactively allow sole proprietors and farmers to use gross revenue to calculate PPP amounts is a critical fix to addressing the major gaps for our smallest businesses. Making it even more imperative is the fact that minority-owned businesses are around 30% more likely to be sole proprietors. The retroactive fix for farmers will help to support a struggling rural economy. Main Street Alliance thanks the Senators for hearing the cry from small business owners across the country calling for the needed changes to be applied retroactively. The ability to add overdue, deserved funds from previous applications will help many businesses and farmers get through the last few months of this crisis.”