Political Quotes

“Madam President, let me thank Leader Schumer for initiating this discussion. I am very pleased Senator Shaheen is also on the floor. The two of us worked on the Democratic side, with Senator Rubio and Senator Collins on the Republican side. We are very proud of the tools we made available to small business. These are important tools to keep small businesses alive during COVID-19. The Paycheck Protection Program got money out quickly and helped small businesses stay afloat. We have provided $660 billion under the Paycheck Protection Program. The economic disaster loan program, the loan and grant program--we have now provided $70 billion for that program. But here is the issue. We had to adjust both of those programs without even knowing all the specifics on how the first amount of money was distributed. We are hearing that we are going to be running out of money again soon and that Congress is going to be asked to make additional changes in these programs, and we still don't know the specifics on how this money was distributed. We are all frustrated here. I really appreciate the leadership. I know my chairman is on the floor. He has been demanding this information and has been unable to get it. We are going to be asked to act again without having the specific information. Senator Schumer is absolutely right. We know in the first round that those who had preferred relationships with banking institutions got priority. That we know. But we don't know how much.…”