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ICYMI: Rubio Joins The Aaron Renn Show

U.S. Senator Marco Rubio (R-FL) joined The Aaron Renn Show to discuss Rubio’s Labor Day report on working (and non-working) men. See below for highlights and listen to the full interview here. On protecting American jobs and interests: “We made a series of economic...

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ICYMI: Rubio Debates Coons on China, Environment

U.S. Senator Marco Rubio (R-FL) debated Senator Chris Coons (D-DE) on China, global leadership, and environmental policy at an event hosted by the Bipartisan Policy Center’s Senate Project at George Washington University. “We have to shape a future that recognizes...

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Next Week: Rubio Staff Hosts Mobile Office Hours

U.S. Senator Marco Rubio’s (R-FL) office will host in-person and virtual Mobile Office Hours next week to assist constituents with federal casework issues in their respective local communities. These office hours offer constituents who do not live close to one of...

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Rubio Habla en Maxima 92.5 de Tampa Bay

El senador estadounidense Marco Rubio (R-FL) habló con Nio Encendio de Maxima 92.5 de Tampa Bay, sobre cómo la inflación ha impactado a las familias, sobre las olas de migración ilegal, sobre el juicio político de Biden vs. el de Trump, sobre el canje de prisioneros...

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Rubio Statement on Paycheck Protection Program Re-hire Exemption

May 5, 2020 | Press Releases

Washington, D.C. — U.S. Senator Marco Rubio (R-FL), Chairman of the Senate Committee on Small Business and Entrepreneurship, issued the following statement after the U.S. Small Business Administration (SBA) and U.S. Department of the Treasury provided additional guidance related to loan forgiveness reductions if Paycheck Protection Program (PPP) borrowers are unable to successfully rehire their workers. Last month, Rubio called for clarity from the administration on the re-hire exemption. 
“It is a welcome relief to numerous PPP borrowers  that they will not be penalized if they cannot rehire their workers after making a documented good faith effort,” said Chairman Rubio. “This is a step in the right direction and must be followed up with comprehensive loan forgiveness guidance in order to ensure business owners not only have the rules of the road when applying for forgiveness, but are not penalized for good faith decisions made absent this guidance earlier in the process.” 
Question 40 in the frequently asked questions (FAQ) document states that if PPP borrowers are unable to successfully rehire their workers, they will be exempt from certain reductions to their loan forgiveness. It also notes employees may be ineligible to continue to receive unemployment benefits if their employer has received PPP funds for their salary or wages. The agencies stated an interim final rule on the subject is forthcoming.