Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the Securities and Exchange Commission’s (SEC) announcement that it is providing temporary and conditional relief for companies impacted by COVID-19 looking to meet their urgent funding needs through a Regulation Crowdfunding offering:
“I’m… Read more »
The Paycheck Protection Program (PPP)—an emergency small business aid program created by the Coronavirus Aid, Relief, and Economic Security (CARES) Act—continues to be a lifeline for America’s small businesses across the country. The Small Business Administration (SBA) and Treasury Department are working to ensure PPP loans are supporting the smallest lenders and their small business… Read more »
By Steven Harras | April 28, 2020
The COVID-19 pandemic has fanned public concerns that the coronavirus could be transmitted by handling cash, according to a recent report by the Switzerland-based Bank of International Settlements, prompting merchants and members of Congress to contemplate more sanitary, hands-off digital payment… Read more »
The Consumer Financial Protection Bureau (CFPB) has a variety of resources for consumers who are facing financial hardship as a result of the ongoing coronavirus (COVID-19) crisis. These resources include information for homeowners struggling to make payments on their mortgage, information on the direct payments to individuals and families, tips for protecting your finances, and… Read more »
Today, Republican leaders of the House Committees on Financial Services, Energy and Commerce, and Ways and Means sent a letter to Speaker Nancy Pelosi in opposition to Democrats’ plan to create a partisan and duplicative select subcommittee to review the Administration’s ongoing COVID-19 response.
Ranking Members Patrick McHenry, Greg Walden, and Kevin Brady stated that while there are… Read more »
The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after the House passed the Paycheck Protection Program and Health Care Enhancement Act:
“More than two weeks after Republicans called for the Paycheck Protection Program to be replenished, we’re finally delivering what our small businesses have been pleading for. The… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), introduced new legislation to help Americans whose retirement savings have been harmed by the economic impact of coronavirus (COVID-19). H.R. 6562, the Securing Additional Value for Every Retirement Saver (SAVERS) Act, temporarily raises contribution limits on tax-preferred retirement… Read more »
The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after the Senate passed legislation to replenish Paycheck Protection Program funding:
"I think I echo the sentiment of our financial institutions and small businesses when I say—finally. I am glad to see a deal has been agreed to that replenishes Paycheck Protection… Read more »
Just two weeks after being stood up, funding for the Paycheck Protection Program (PPP)—a popular and necessary program for America’s struggling small businesses—ran out. While Republican efforts to replenish this fund have been stalled, financial institutions of all sizes are stepping up to ensure that as soon as Democrats stop playing political games, they are ready to rush critical… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), joined Kevin Cirilli on Bloomberg TV to discuss the urgent need for Congress to replenish Paycheck Protection Program funding—an essential lifeline for America’s small businesses—as well as President Trump’s guidance for reopening our economy.
… Read more »
