Democrats are gearing up to push for changes to a small business aid plan pitched by Republicans as part of the latest economic relief package, as Joe Biden called for major new investments in firms owned by people of color
with Republicans' proposed restrictions on small business aid make it likely that the legislation will see significant changes before a final deal is reached.
Cardin and other committee Democrats first proposed letting businesses apply for second loans last month. Rubio's new bill includes a similar plan. Both would require businesses to show a 50 percent revenue loss to qualify but some details are different. Rubio's bill would limit the eligibility to businesses with 300 employees or fewer whereas Cardin's bill would focus on businesses with no more than 100 employees.
One of the biggest omissions in the eyes of Democrats is the lack of new funding for the Small Business Administration's Economic Injury Disaster Loan program.
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