Curbelo Introduces Bill to Help Small Businesses Affected by Zika
Washington, D.C.—Rep. Carlos Curbelo (FL-26) introduced H.R. 5986, the Small Business Relief from Disease Induced Economic Hardship Act. This important legislation is the House companion to Senator Rubio’s S.3301. Rep. Curbelo released the following statement in strong support of this bill:
“The Zika virus has not only resulted in public health challenges for our communities, but it has also had a devastating impact on the economy in the areas where the disease-carrying mosquitoes are most concentrated. South Florida has been ground zero for locally transmitted Zika cases, and our families and small businesses are feeling the pain of decreased tourism to the area.
To provide relief to these small businesses and their workers, I have joined my friend and colleague Senator Rubio in introducing the House version of the “Small Business Relief from Disease Induced Economic Hardship Act”. H.R. 5986 would help local businesses that have been affected by Center for Diseases Control travel and health advisories by providing temporary relief through the Small Business Administration (SBA) Economic Injury Disaster Loan (EIDL) program. The SBA can provide up to $2 million to help meet financial obligations and expenses of small businesses, with an interest rate not to exceed 4% per year. By adding federally declared health advisories to the list of disasters that are eligible for small businesses to apply for EIDL loans, we can help the workers in our South Florida community by ensuring they have access to capital in a time of economic hardship stemming from Zika.
Sen. Rubio has been a champion in the Senate for the Zika funding issue, and I will continue to work with him and our colleagues from both parties to push for federal funds to eradicate the Zika virus and provide relief for small businesses and their employees," said Curbelo.
Rep. Curbelo, Chairman of the Small Business Subcommittee on Agriculture, Energy, and Trade, is a leader in the House in advocating for full funding to erradicate Zika. To learn more about his work, please click here.