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Paycheck Protection Program Loans Continue to Save American Jobs
Apr 29, 2020
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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 wo...
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COVID-19 concerns prompt new interest in cashless payments
Apr 28, 2020
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By Steven Harras | April 28, 2020 The COVID-19 pandemic has fanned public concerns that the coronavirus could be transmitted by handling cash, according to a recent report by the Switzerland-based Bank of International Settlements, prompting merchants and members of Congress to contemplate more san...
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Resources for Consumers Facing Financial Hardship due to Coronavirus
Apr 27, 2020
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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 di...
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McHenry, Walden, Brady Oppose Pelosi’s Plan to Create Partisan COVID-19 Oversight Subcommittee
Apr 23, 2020
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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. R...
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McHenry Statement on House Passage of Additional Paycheck Protection Program Funding
Apr 23, 2020
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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 replen...
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McHenry Introduces New Bill to Support Retirement Savers Hurt by COVID-19
Apr 21, 2020
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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 (...
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McHenry on Paycheck Protection Program Funding Deal: Finally
Apr 21, 2020
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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—fina...
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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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