Young Kim Calls on Congress to Address Paycheck Protection Act Funding Shortfall 

The Paycheck Protection Program is expected to quickly run out of funds

Fullerton, CA – Former Assemblywoman Young Kim, Candidate for California’s 39th Congressional District, called on Congress today to act immediately to address the expected shortfall in funding for the Paycheck Protection Program. While governments of all levels have issued stay at home orders for non-essential workers, businesses across the 39th District and the nation are relying on PPP to stay afloat and keep employees on payroll. Calling on Congressional leaders, Kim stressed the need to make sure there is not a gap in loan disbursements for the second time.

“I am calling on Congressional leaders from both parties to move quickly to address the expected shortfall in funding for the Paycheck Protection Program. This program is a lifeline to our small businesses and Congress cannot afford to let it lapse again,” said Young Kim. “Congress should end their recess, address the funding issues with the Paycheck Protection Program and get back to work for the American people.”

Young Kim’s call for action comes after Democratic Congressman Gil Cisneros (CA-39) and Congress failed to act to prevent the Paycheck Protection Program from running out of its initial round of funding. The program then was left unfunded for over a week while businesses and families across the 39th District suffered.

Since the rollout of the Paycheck Protection Program, Young Kim has been in constant contact with local small businesses and families and has seen the impacts of the delays in receiving loans. Kim has also been a leading voice in calling for continued action to address the funding issues with the Paycheck Protection Program.

See Young Kim’s previous statement on Congress passing additional funding for PPP here.

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