June 17, 2020
On June 17, 2020, Ashley Harrington testified before the House Small Business Committee. This written testimony focuses on:
- Presenting an overview of the disproportionate economic impacts of the COVID-19 health crisis.
- Discussing issues with the structure and implementation of the PPP and how they served to limit access for the smallest businesses and businesses owned by people of color.
- Highlighting the challenges posed by the current requirements to access PPP forgiveness.
- Providing policy recommendations to ensure 1) the remaining PPP funds reach the smallest businesses and businesses owned by people of color; 2) the forgiveness process is streamlined and workable for the smallest businesses and their lenders; and 3) equitable small business relief, beyond the PPP, is available as we enter the recovery period.