PHILADELPHIA, PA — U.S. Senator Pat Toomey (R-PA) and U.S. Congressman Dwight Evans (D-PA 3rd) are launching a bicameral, bipartisan effort to help small businesses that were damaged or destroyed during recent nationwide incidents of civil unrest related to the death of George Floyd.
The Toomey-Evans Helping Entrepreneurs Access Loans (HEAL) Act would provide 75 percent forgivable Physical Disaster Business Loans to small businesses that were destroyed or damaged between May 26 and July 1, 2020. The legislation would help numerous retailers, restauranteurs, and other small establishments in Philadelphia, Minneapolis, New York City, and elsewhere.
“Peaceful protests have affected momentous change throughout our nation’s history. Looting and destroying property is not protesting, it’s a crime,” said Senator Toomey. “Many of the businesses destroyed at the end of May in Philadelphia and other cities across America were already facing mounting difficulties due to the COVID-19 pandemic. The bipartisan bill Congressman Evans and I are introducing will help small business pay for damage that is not covered by insurance.”
“This bill would provide a lifeline to many small businesses in several Philadelphia neighborhoods – many of them minority-owned — and communities across the country that were affected by the recent unrest,” said Congressman Evans. “They should not be left behind. If they can’t come back, their neighborhoods will also have a harder time coming back. And when two legislators with views as different as Senator Toomey and I can agree on legislation, it makes me optimistic about the prospects of getting this done for these small business owners, their employees and their neighborhoods.”
View the text of the HEAL Act here.
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