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While Democrats Play Political Games, Financial Institutions Continue to Work for Small Businesses
Apr 20, 2020
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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 t...
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McHenry Joins Bloomberg to Talk Paycheck Protection Program, Reopening Economy
Apr 17, 2020
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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...
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McHenry to Pelosi: Small Businesses Are Pleading for More Paycheck Protection Program Funding
Apr 17, 2020
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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 progra...
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McHenry Applauds Appointment of Congressman Hill to Congressional Oversight Commission
Apr 17, 2020
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The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement applauding Republican Leader Kevin McCarthy’s decision to appoint Congressman French Hill (AR-2) to the Congressional Oversight Commission established in the CARES Act: “French’s ext...
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While Democrats Stall, Fed Moves to Provide More Support to Small Businesses
Apr 16, 2020
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The Federal Reserve’s Paycheck Protection Program Liquidity Facility (PPPLF) is now up and running. The PPPLF will ensure lenders can continue to support small businesses and provide much-needed credit to keep Americans employed and businesses open. But the PPPLF is not a fix for the PPP funding tha...
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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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