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John Kerry: the administration has set up two major pieces of relief for Hurricanes Katrina and Rita, totaling $62 billion, but not…

On the recordOctober 20, 2005
the administration has set up two major pieces of relief for Hurricanes Katrina and Rita, totaling $62 billion, but not one penny of that $62 billion is designated for small business, even though there are several hundred thousand small businesses that are in need of relief in the region. Only 84 out of some 20,000-plus requests--only 84 requests--for loans or grants have been approved by the Small Business Administration. So this is becoming an incredibly backed-up, serious restraint on the ability of small businesses to get back on their feet in the injured areas. I know Senator Snowe is deeply concerned about it. I know a lot of colleagues are very deeply concerned about this. Is there a way we could try next week to break this out? It has passed 96 to 0 here in the Senate. We desperately need to get this help to those businesses in the communities. The PRESIDING OFFICER. The majority leader.
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John Kerry
Democratic · Massachusetts

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Jul 12, 2023

the U.N. Finance Analysis suggests that it will cost trillions of dollars. Maybe $2.5 to $4.5 trillion a year between now and 2050.

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Jul 12, 2023

People think this is now, you cannot reverse it, it is irreversible.

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Jul 12, 2023

There is no current proposal or plan that has been agreed to which would require us to do that.

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