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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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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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