03.23.20

Gardner Statement on the CARES Act

Washington, D.C. – U.S. Senator Cory Gardner (R-CO) released the following statement regarding today’s vote on the motion to proceed to H.R. 748, the legislative vehicle for the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

“While families wonder how they are going to put food on the table and businesses wonder how long they can stay open, there are some in Washington who are playing political games with this relief package,” said Senator Gardner. “The CARES Act provides more than $1 trillion in economic relief, and the longer Congress waits to act, more Americans will suffer. We must provide immediate relief to Americans affected by the COVID-19 pandemic, and we must do it now. I’m calling for swift passage of the CARES Act to provide the health care system and American families the support they are demanding from Congress and the peace of mind that we will get through this crisis together.”

At the direct guidance from the Tri-County Health Department and the Attending Physician, Gardner is in self-quarantine and did not have the opportunity to vote in support of this measure.

Since the first reported case of the novel coronavirus in the United States, Senator Gardner has been in close contact with local, state, and federal officials to prepare to slow and contain the outbreak. You can read more about Senator Gardner’s actions to protect Coloradans from COVID-19 here.

The CARES Act will aid American workers, small businesses, and the health care system as we respond to the COVID-19 pandemic:

For America workers, the CARES Act will provide:

  • $350 billion to help prevent workers from losing their jobs and small businesses from going under, which will cover 58 million American workers and more than 30 million small businesses. Small businesses make up 99.5 percent of all businesses in Colorado and employ more than 1.1 million Coloradans.
  • A new form of federal unemployment insurance similar to what Gardner proposed, which will permit far more American workers to receive UI payments during the crisis, including those whose employers have been forced closed by the COVID-19 emergency.
  • An immediate tax rebate for all tax payers.
  • Emergency funds to businesses so they can pay workers instead of firing them and pay their health insurance premiums instead of sending them to Continuation of Health Coverage (COBRA) or to the exchanges.

For American families, the CARES Act will provide:

  • $250 billion for direct payments to American families and more than 1.3 million Coloradans: $1,200 for individual tax filers, $2,400 for married couples, and an additional $500 per child.
  • $20.1 billion for flexible funding to help schools and meet the immediate needs of students and teachers, including education technology and supporting distance education.
  • $15.5 billion for the Supplemental Nutrition Assistance Program (SNAP).
  • $1.25 billion for rental assistance for seniors, the disabled, and low-income working families who will experience a loss of income because of the coronavirus.
  • $9 billion for child nutrition programs and additional funding for food purchases and demonstration projects to increase flexibility for schools.
  • $45 million for states to meet the child welfare needs of families during the crisis.

For American businesses, the CARES Act will provide:

  • $1.5 billion to support economic development grants for states and communities suffering economic injury as a result of COVID-19.
  • $20 billion to provide the U.S. Department of Agriculture with the resources needed to assist producers during COVID-19 emergency.
  • $1 billion for the rural business cooperative service and increases lending authority for the Business and Industry loan guarantee program, which provides much-needed financing to business owners that might not be able to qualify for a loan on their own.

For the American health care system, the CARES Act will provide:

  • $75 billion to health care providers for the COVID-19 response and to assist with cash flow issues related to lost revenue.
  • $20 billion for veterans’ health care and protection from COVID-19.
  • $4.5 billion for the Centers for Disease Control and Prevention.
  • $1.5 billion to support state and local preparedness response.
  • $500 million for hospital facility preparedness.

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Cory Gardner is a member of the U.S. Senate serving Colorado. He sits on the Energy & Natural Resources Committee, the Foreign Relations Committee, the Commerce, Science, & Transportation Committee, and is the Chairman of the Subcommittee on East Asia, the Pacific, and International Cybersecurity Policy.