Small Business Majority opposes rescinding dollars from small business programs

Wednesday, April 6, 2022

On April 6, Small Business Majority submitted a letter to congressional leaders opposing pay-fors for the Bipartisan COVID Supplemental Appropriations Act. The Act rescinds dollars from key programs, including $900 million from the Economic Injury Disaster Loan Advance and nearly $2 billion from the State Small Business Credit Initiative. Rescinding these dollars undercuts the trajectory of the small buisness ecosystem during a time when small business owners are still struggling to keep their doors open.