Senators Rubio and Collins News Conference

Senator Marco Rubio (R-FL), the chair of the Small Business Committee, and Senator Susan Collins (R-ME) held a news conference on their proposal for economic… read more

Senator Marco Rubio (R-FL), the chair of the Small Business Committee, and Senator Susan Collins (R-ME) held a news conference on their proposal for economic stimulus provisions for small businesses to be included in a “phase three” coronavirus aid package. The senators' proposal includes a federally-guaranteed loan that small businesses could seek for the purposes of maintaining their payroll and operating costs during the economic downturn due to the coronavirus pandemic. If the money is used for those specific purposes, the loans would be forgiven after a certain period of time. “Every penny that they borrow and use for purposes of keeping people employed, they will not have to pay back,” said Senator Rubio. The senators added that the Treasury Department estimated the cost of the program to be around $300 billion. close

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Senators Rubio and Collins News Conference

2,148 Views
Program ID:
470464-1
Category:
News Conference
Format:
Congressional News Conference
Location:
U.S. Capitol Building, Washington, District of Columbia, United States
First Aired:
Mar 18, 2020 | 3:42pm EDT | C-SPAN.org
Last Aired:
Mar 19, 2020 | 5:42am EDT | C-SPAN 1

Airing Details

  • Mar 18, 2020 | 3:42pm EDT | C-SPAN 1
  • Mar 18, 2020 | 3:50pm EDT | C-SPAN RADIO
  • Mar 18, 2020 | 7:35pm EDT | C-SPAN 2
  • Mar 19, 2020 | 1:37am EDT | C-SPAN 1
  • Mar 19, 2020 | 4:54am EDT | C-SPAN RADIO
  • Mar 19, 2020 | 5:42am EDT | C-SPAN 1
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Senators Rubio and Collins News Conference

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