Today, small businesses around the country can start applying for payroll support through the Paycheck Protection Program. This critical provision in the bipartisan Coronavirus Aid, Relief, and Economic Security (CARES) Act—passed just last week—provides more than $350 billion in small business loans to support those hit hardest by the coronavirus pandemic.
House Financial Services… Read more »
The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement in response to the Department of Treasury’s Paycheck Protection Program guidance for small businesses issued today:
“Critical provisions of the CARES Act are already being deployed to help Americans in need. Today, Treasury released guidelines to ensure our small… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), sent a letter urging Treasury Secretary, Steven Mnuchin, and Securities and Exchange Commission Chairman (SEC), Jay Clayton, to ensure emergency relief and economic recovery benefits all American workers, including “gig” workers.
Last week, the Coronavirus, Aid, Relief, and Economic Security… Read more »
The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement on House passage of the bipartisan Coronavirus Aid, Relief, and Economic Security (CARES) Act:
“This unprecedented time in our nation’s history calls for an unprecedented response. The CARES Act, while not perfect, is the appropriate action to provide necessary resources… Read more »
Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement on the Senate Coronavirus Aid, Relief, and Economic Security (CARES) Act, an important step toward delivering direct support to families and workers that have been hit hardest by the coronavirus (COVID-19) pandemic.
“This is not like any economic or health issue we’ve… Read more »
Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to Democrats’ partisan legislative package circulated earlier today, which includes politically motivated and misguided proposals that do not provide necessary relief to American families and businesses:
“Over the last several days, I have worked with Senate… Read more »
WASHINGTON – Today, Republican members of the House Financial Services Committee introduced legislation to protect public housing residents and individuals experiencing homelessness from coronavirus (COVID-19). These five proposals, in addition to eight bills introduced by Committee leaders last week, are a part of Committee Republicans’ comprehensive approach to addressing… Read more »
Today, the Federal Deposit Insurance Corporation (FDIC) Chair, Jelena McWilliams, took an important step to ensure financial institutions are able to lend to businesses and consumers impacted by the coronavirus (COVID-19) by pushing for a delay in implementing the ill-advised Current Expected Credit Losses (CECL) standard.
Key facts:
Today, FDIC Chair Jelena McWilliams sent a… Read more »
WASHINGTON – Today, the Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after President Trump invoked the Defense Production Act (DPA) in the ongoing fight against coronavirus (COVID-19):
“This is an aggressive and necessary move by President Trump. By invoking the Defense Production Act, the President is taking… Read more »
Today, the Federal Housing Finance Agency (FHFA) and the Trump Administration took a bold step to prevent homeowners with loans insured by the Federal Housing Administration (FHA) or owned by Fannie Mae or Freddie Mac from being foreclosed upon or evicted during this national emergency.
Key facts from FHFA:
The FHFA has directed Fannie Mae and Freddie Mac to suspend foreclosures… Read more »
