US Sen. Ernst reacts to new funding for small businesses

If a proposed bill passes it would offer up an additional $310-Billion dollar for the Payroll Protection Plan.

The federal government is working hard to make sure small businesses can keep paying workers during this pandemic.

Today the ?s senate passed a bill that designates hundreds of billions of dollars in new funding so businesses can make payroll.

Kimt news three's nick kruszalnicki joins us live now with what ?s senator joni ernst is saying about the response.

Xxx george and katie?

I was in on a call with ?s senator joni ernst this afternoon.

During the call with small business owners?

Economic leaders?

And bankers... the payroll protection program was a hot topic.

It took a little less than 2 weeks to completely drain 35?

Billion dollars from the program... leaving many businesses without relief.

If this new bill passes?

It would offer up an additional 31?

Billion dollars for ??p.

Local banks are expressing frustration about the program... especially the 1?day lending rule and how the loan forgiveness will work.

Senator ernst explained the process might be a little rough, because the feds worked quickly to put the program together.

Xxx we pushed the package out so quickly for sba and treasury and to get all of those rules written, it wasn't completely ironed out before those programs were put into place.

The funding okayed by the senate today also provides another 6?

Billion dollars in disaster recovery loans and other small business relief.

Live in mason city?

Nick kruszalnicki?

Kimt news 3./// thank you nick.

The ?s house is expected to approve the measure on thursday.

It also directs 7?billion dollars to hospitals and 2?billion dollars to