Political Quotes

“By providing $310 billion for PPP, this bill will allow the program to reopen and more small businesses to secure capital and keep employees on payroll--$310 billion. When the Senate passed their bill, they passed $250 billion for small businesses. So it is not enough to pour funding into a program if loans are not reaching the intended businesses. All of us have been concerned by reports of big banks prioritizing large firms for this assistance. Over 80 publicly traded companies have received loans through the PPP. Examples like this come to mind: Ruth's Chris Steak House restaurant got two loans for $20 million. And we have all this, 80 publicly traded companies. This underscores the need for oversight. If the administration's implementation means giant companies secure loans while small businesses are left waiting, that problem must be corrected promptly. That is not what Congress intended, and the American people expect better. By the way, today, this morning, as the chair of the House Small Business Committee, I held a hearing entitled, Member Day Hearing on COVID-19 Response and Recovery. Fifty-six Members of this Chamber, Republicans and Democrats, all of them, came before the committee today, and every one, Republican and Democrat, expressed the fact that we needed more transparency, that we needed data, and that we needed to fight to make sure that this program serves every small business in every part of the country.…”