https://www.nationalreview.com/2020/04/josh-hawley-has-a-good-idea-for-phase-four/
To protect public health, governments throughout the country are shutting businesses down. It is not just morally right, but also important to a quick recovery, that those businesses be kept afloat and connected to their workers.
That is why we supported the $2 trillion “Phase Three” relief bill, and it’s why we support efforts to improve these policies or replace them with something better. Lawmakers should especially study a new proposal from Josh Hawley that would take an entirely different approach to the rescue.
The Phase 3 bill makes loans available to struggling businesses and promises to forgive those loans to the extent the companies retain their payrolls. There are some early snags, though things seem to be getting better with time: Some of the banks charged with administering the loans were slow to start lending; the Small Business Association, which oversees the program, scrambled to clarify the rules; and some businesses are finding that their employees would rather get expanded unemployment benefits than stay on the payroll. It’s also likely the program’s money will run out before the lockdowns are over and businesses have recovered, and 10 million people have already filed for unemployment.
There are two ways forward.