Huizenga Leads Effort to Protect Small Businesses, Improve Safe Harbor Provision
Last night, Congressman Bill Huizenga led a letter sent to the Department of Treasury and Small Business Administration (SBA) requesting that these agencies extend the safe harbor provision included in the Paycheck Protection Program (PPP) until one week after final guidance is issued.
While the PPP has served as a vital resource to keep small businesses afloat and paychecks flowing to more than 50 million Americans, more clarity regarding the safe harbor provision would provide job creators with the ability to properly review and determine the course of action that best suits their needs. Congressman Huizenga is joined by Republican Whip Steve Scalise and 29 of his republican colleagues on the letter.
Huizenga and his colleagues write, “as currently drafted, the interim final rule issued by the SBA has created some very vague guidance regarding the safe harbor provision. We ask that you exercise the power of your respective offices to extend the safe harbor window of opportunity for business certification until one week after the issuance of a final rule. This will give businesses the opportunity to fully review the final guidance in order to determine whether or not to return the funds.”A PDF copy of the letter, including signatures, is available online here. Joining Congressman Huizenga and Whip Scalise on the letter are: Anthony Gonzalez, Rick Allen, Scott Tipton, Steve Stivers, William Timmons, Roger Williams, Ralph Abraham, Phil Roe, Ann Wagner, Pete King, Glenn Thompson, Fred Keller, French Hill, Lee Zeldin, Van Taylor, Garret Graves, Denver Riggleman, Clay Higgins, Tom Emmer, Bryan Steil, David Kustoff, Ben Cline, Barry Loudermilk, Trent Kelly, Blaine Luetkemeyer, Lance Gooden, Tom Cole, Troy Balderson, and Vicky Hartzler