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Bakersfield, CA – House Republican Leader Kevin McCarthy (CA-23) released the following statement on additional funding needed for the Paycheck Protection Program:

“America’s small businesses are working hard to support their employees and the communities they live in. To help them do that, Congress has passed the most ambitious relief package in history for small businesses with the Paycheck Protection Program. The demand for that program has been overwhelming and in just one week, the federal government has provided tens of billions of dollars in relief. I spoke with Treasury Secretary Mnuchin this morning and he made clear that more money will be needed for the program. Later today he will make a formal request to Congress. I support the Secretary’s request and following the Senate’s approval, the House should move swiftly to do the same and provide confidence to small businesses across the country that their government will be there for them.”