On the recordMay 5, 2020
over the past few months, both parties have worked together to provide historic levels of funding to help small businesses retain employees, meet payroll, and stay afloat during the COVID-19 pandemic. The Paycheck Protection Program--the main instrument to help small businesses--received $349 billion under the CARES Act and another $310 billion in supplemental legislation. The public has a right to know how this money is being spent. Oversight, transparency, and accountability are crucial because from the moment the administration began implementing these funds, it became clear that much of it wasn't going to those who needed it most. Today, we are not taking any other action on the floor dealing with COVID. We thought we would take this opportunity to ask unanimous consent to get something real done that should have bipartisan support on both sides of the aisle. Who can be against transparency? Who can be against accountability? Who cannot want to know where close to $700 billion of the taxpayers' money is going? Is it going to the right places? Unfortunately, today at least 200 publicly traded companies have managed to secure PPP loans, and most of those are not very small, including some companies whose owners are large contributors to President Trump.…





