The Federal Housing Finance Agency (FHFA) has launched a set of tools designed to help America’s renters understand the resources available to them if they are experiencing a financial hardship due to the coronavirus pandemic.
Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, any rental property with a mortgage backed by either Fannie Mae or Freddie Mac are covered by… Read more »
The Paycheck Protection Program (PPP)—an important small business aid program created by the Coronavirus Aid, Relief, and Economic Security (CARES) Act—is providing critical support for America’s small businesses across the country. In fact, a report issued yesterday by the Small Business Administration (SBA) shows more than 70% of all loans approved in the program’s second round have… Read more »
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 »
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 »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), sent a letter to Speaker of the House, Nancy Pelosi, urging her to act now to protect small businesses and their employees by funding the Payroll Protection Program (PPP). Funding for this bipartisan program ran out yesterday after Democrats repeatedly blocked Republicans’ attempts to replenish… Read more »
