The American Rescue Plan
Message from Sen. Mark Warner
The American Rescue Plan – a bold piece of legislation that will create 7 million jobs and ensure that our nation is able to get vaccines into arms, kids into schools, Americans to work, and lifelines to our hard-hit communities. Earlier today, I was glad to see the House of Representatives put its final stamp of approval on this bill, which now heads to the White House, where President Joe Biden is expected to sign it into law.
Among other priorities, I was especially proud to work with President Biden to secure $17 billion in funding for broadband in this bill, because as too many folks across the Commonwealth know, broadband is a necessity in the 21st century – not a luxury. But in Virginia, there are still 700,000 people who lack access to high-speed internet during the pandemic. This funding will expand broadband access and affordability, and is the largest-ever federal investment of its kind.
In addition to broadband, the American Rescue Plan extends emergency unemployment insurance programs through September 6, 2021. This will help ensure that Americans who lost their jobs through no fault of their own are able to make ends meet while the economy rebuilds.
The American Rescue Plan also funds a number of critical priorities that will help Virginians get through the health and economic crisis:
$7.25 billion for the Paycheck Protection Program (PPP)
$15 billion for the Targeted Economic Injury Disaster Loan (EIDL) Advance Program
$28.6 billion for a new Restaurant Revitalization Fund to provide grants to help small local restaurants, bars, and craft breweries stay in business and keep their workers employed
$1.25 billion for the Shuttered Venue Operators Grant (SVOG) Program to support live entertainment venues, and a critical fix to ensure venue operators can access both PPP and SVOGs
$10 billion in new funding for the State Small Business Credit Initiative to help small businesses grow and create jobs
As we work to rebuild and recover from COVID-19, please know that I will continue to work with the Biden administration and leaders in Virginia to ensure that funding is distributed appropriately, programs are implemented quickly, and Virginians get the help they deserve.
US Senator Mark Warner
459-A Russell Senate Office Building
Washington, DC 20510
202-224-2023
www.warner.senate.gov
Press Release
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