Treasury Secretary and Small Business Administrator Testify on Small Businesses and COVID-19
2020-07-17T10:31:57-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvYjBkXC8yMDIwMDcxNzEwMzgwNTAwMV9oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Treasury Secretary Steven Mnuchin testified before the House Small Business Committee on the status of the Paycheck Protection Program (PPP), a small business fund established in the $2 trillion coronavirus economic aid package. Secretary Mnuchin said, “A next phase of relief should extend the PPP but on a more targeted basis for smaller companies and those that are especially hard hit such as restaurants, hotels, and other travel and hospitality business.' He also told lawmakers that the U.S. should consider forgiveness for "all the small loans” provided under the PPP. Other topics included the impact of the coronavirus pandemic on the economy and access to loans for female and minority-owned businesses. Also testifying before the committee was Small Business Administrator Jovita Carranza.
Treasury Secretary Steven Mnuchin testified before the House Small Business Committee on the status of the Paycheck Protection Program (PPP), a small… read more
Treasury Secretary Steven Mnuchin testified before the House Small Business Committee on the status of the Paycheck Protection Program (PPP), a small business fund established in the $2 trillion coronavirus economic aid package. Secretary Mnuchin said, “A next phase of relief should extend the PPP but on a more targeted basis for smaller companies and those that are especially hard hit such as restaurants, hotels, and other travel and hospitality business.' He also told lawmakers that the U.S. should consider forgiveness for "all the small loans” provided under the PPP. Other topics included the impact of the coronavirus pandemic on the economy and access to loans for female and minority-owned businesses. Also testifying before the committee was Small Business Administrator Jovita Carranza. close
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