Official Statement Jennifer M. Storipan, Esq.

“Today, the U.S. House of Representatives approved S.3548 the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to provide a much-needed relief package to our Nation. The CARES Act will allocate over $2 trillion in federal funding to address the needs of the American people in the midst of the Coronavirus COVID-19 outbreak. This legislation provides funding and resources to support jurisdictions and Puerto Rico as they continue to grapple with this public health crisis of the Coronavirus COVID- 19 emergency. 

We thank Congress for the swift passage of this legislation and President Trump for signing this important bill into law. This legislation includes important provisions for Puerto Rico that will provide the island resources to fight this pandemic. 

It includes $200 million for Puerto Rico’s Nutrition Assistance Program (NAP) to guarantee food security to the people of the island during this Coronavirus COVID-19 emergency. Additionally, $562 million to ensure that the Small Business Administration (SBA) has the necessary resources to provide Economic Injury Disaster Loans (EIDL) to assist businesses. Last week, SBA signed an emergency declaration for the 50 states, Puerto Rico, and the other territories that would enable the agency to use resources from the EIDL program to assist in an effort to help businesses impacted by the Coronavirus COVID-19. Furthermore, the bill has language that would provide $150 billion for the Coronavirus Relief Fund for fiscal year 2020 and Puerto Rico is eligible to receive up to $2.2 billion of such amount to continue combating COVID-19. Lastly, the bill includes language that provides $127 billion for medical response efforts which includes a $100 billion in federal funding for hospital preparedness across the nation. 

As Congress continues to negotiate subsequent packages to provide economic stimulus to the Nation during this Coronavirus COVID-19 global pandemic, PRFAA will continue to work with the Administration, Congress, and Federal Agencies to ensure Puerto Rico has access to necessary resources for the 3.2 million U.S. citizens that call Puerto Rico home.”

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