On the recordApril 23, 2020
We are here today to replenish the Paycheck Protection Program, and that is a good thing. We should have been here last week when the program ran out of money, and we will be back in the same position next week if we don't fix the PPP. There are over 700,000 applications currently in the queue, and if the Treasury Department does not establish guardrails to differentiate between well-capitalized brokerage firms and undercapitalized mom-and- pop shops, we will not be helping the people who need us the most right now. We need to get these small businesses and nonprofits every single penny they need to survive, and we must hold China accountable for every single penny. Madam Speaker, this is not the time to be attacking each other. We must get through this crisis together. We must have each other's back. Let's have each other's back. Let's think with our hearts and our heads, and let's march through this together.
