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McHenry Chosen to Serve on President’s Task Force on Reopening the Economy
Apr 16, 2020
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The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement after being selected by President Trump to serve on the President’s Task Force on Reopening the Economy: “When it’s safe to return to normal economic life, we need a plan to get Am...
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These 4 businesses that have received PPP coronavirus loans have 1 thing in common: small banks
Apr 15, 2020
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By Daniel Roberts | April 14, 2020 Ten days after the launch of the Trump administration’s Paycheck Protection Program (PPP) to provide relief to small businesses slammed by coronavirus, 74% of the allotted funds have been earmarked. As of Tuesday at 1pm EST, the Small Business Administration (SBA)...
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The Paycheck Protection Program is Working in Communities Across the Country
Apr 15, 2020
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Through the Paycheck Protection Program (PPP), critical relief is being rushed out the door to our small businesses across the country. Since the program began, more than 1 million loans have been approved totaling nearly $300 billion. This money is keeping hardworking Americans employed and small b...
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McHenry to Congressional Democrats: Stop Standing in the Way of Helping Save American Jobs
Apr 15, 2020
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WASHINGTON – The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement on the need to immediately replenish Paycheck Protection Program (PPP) funding: “It was clear, funding for the Paycheck Protection Program was going to run out quickly...
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McHenry Statement on Main Street Lending Facility
Apr 9, 2020
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WASHINGTON – The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement in response to the announcement of a new Main Street lending facility to support businesses of all sizes impacted by the coronavirus (COVID-19): “By setting up an emer...
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McHenry: This Reckless Action Does Nothing to Help Americans
Apr 9, 2020
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The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement after Senate Democrats blocked additional funding for the Paycheck Protection Program: “On the same day we learn that another 6.6 million Americans have filed for unemployment, Con...
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McHenry: SEC Has Taken Important Steps to Support Whole-of-Government Coronavirus Response
Apr 8, 2020
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WASHINGTON – Today, House Financial Services Committee Ranking Republican, Patrick McHenry (NC-10), released the following statement in response to the Securities and Exchange Commission’s (SEC) targeted regulatory relief for Business Development Companies (BDCs) in an effort to support job creators...
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McHenry Statement on Additional Paycheck Protection Program Funding
Apr 7, 2020
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Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to calls for additional funding for the Paycheck Protection Program established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act: “Since the Paych...
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Republican Leaders Urge Committee Democrats to Focus on COVID-19 Relief, Not Partisan Policies
Apr 6, 2020
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Today, Republican leaders of the House Financial Services Committee, led by Ranking Member Patrick McHenry (NC-10), sent a letter to Chairwoman Maxine Waters (CA-43) urging her to abandon partisan policies and make coronavirus (COVID-19) response and recovery efforts the main priority for the Commit...
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Q&A with Ranking Republican McHenry on Small Business Payroll Assistance
Apr 2, 2020
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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 loan...
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