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 businesses ready to reopen when the time comes.
Here are just a few examples of the… Read more »
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—after all, this is one of the most popular and necessary programs in the CARES Act.… Read more »
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 emergency lending facility with the Federal Reserve, Treasury is using the Exchange… Read more »
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, Congressional Democrats have blocked passage of hundreds of billions of dollars of relief… Read more »
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 across our country:
“The SEC has taken a number of important steps over the past few… Read more »
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 Paycheck Protection Program was stood up, twice as much has been lent through the Small… Read more »
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 Committee.
In recent weeks, Chair Waters has requested federal financial… Read more »
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 »
Republican Leader of the House Financial Services Committee Patrick McHenry (NC-10) joined Cheddar this morning to discuss his efforts to ensure gig workers benefit from coronavirus emergency relief, take part in our economic recovery, and—most importantly—keep their jobs.
Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law last week, gig workers… 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 »
