03-26-20 U.S Senator Gardner Statement on Senate Passage of the CARES Act

U.S Senator Gardner Statement on Senate Passage of the CARES Act

Washington, D.C. – U.S. Senator Cory Gardner (R-CO) released the following statement on Senate passage of H.R. 748, the legislative vehicle for the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The CARES Act passed the Senate by a vote of 96-0.

“Coloradans and the American people need our help now more than ever and this bill delivers that relief,” said Senator Gardner. “My office and I have been in constant conversation with Governor Polis, Colorado’s medical professionals, families, small business owners, and workers across every industry. The CARES Act provides approximately $2 trillion in direct economic relief and support for our frontline healthcare providers, assistance to help ensure businesses can afford to keep employees on staff and assurances that we will get through this together. The longer Congress waits to act, more Americans will suffer. Now that the Senate has approved the CARES Act, the House must do the same. No excuses, no delays – the American people need relief now.”

Gardner has called for immediate action on the CARES Act since Sunday. The approximately $2 trillion relief package will provide direct payments to American families and more than 1.3 million Coloradans: $1,200 for individual tax filers, $2,400 for married couples, and an additional $500 per child.

The relief package contains $377 billion to help prevent workers from losing their jobs and small businesses from going under, which will cover 58 million American workers and more than 30 million small businesses. Small businesses make up 99.5 percent of all businesses in Colorado and employ more than 1.1 million Coloradans.

The CARES Act will provide $100 billion to our frontline healthcare providers to support them during the response and assist with lost revenue and $150 billion for states and tribes to assist in their response to the COVID-19 outbreak through the Coronavirus Relief Fund.

In addition to providing direct payments to families, support for the health care system, and stabilization for American businesses, the CARES Act will create a new form of federal unemployment insurance (UI), similar to what Gardner proposed. This new temporary “Pandemic Unemployment Assistance” program will permit far more American workers to receive UI payments during the crisis, including those whose employers have been forced closed by the COVID-19 emergency.

Senator Gardner is taking action to protect Coloradans from the COVID-19 outbreak:

Cory Gardner is a member of the U.S. Senate serving Colorado. He sits on the Energy & Natural Resources Committee, the Foreign Relations Committee, the Commerce, Science, & Transportation Committee, and is the Chairman of the Subcommittee on East Asia, the Pacific, and International Cybersecurity Policy.