As lawmakers debate whether to extend the Federal Reserve’s emergency loan programs, Congressional Oversight Commissioners are divided on the issue. The New York Times reported that Commissioner Senator Pat Toomey (R-PA) is...more
11/13/2020
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Appropriation ,
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U.S. Treasury
The Select Subcommittee on the Coronavirus Crisis released a staff report on the Payroll Support Program, which Congress created to “preserve aviation jobs” by providing payroll assistance to companies in exchange for keeping...more
10/16/2020
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Aviation Industry ,
Centers for Disease Control and Prevention (CDC) ,
Congressional Committees ,
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Department of Labor (DOL) ,
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Layoffs ,
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Relief Measures ,
SBA
The House Select Subcommittee on the Coronavirus Crisis held a hybrid hearing with Treasury Secretary Steven Mnuchin regarding the Trump Administration’s response to the current economic crisis. Secretary Mnuchin urged...more
Senate Republicans unveiled an approximately $1 trillion virus relief package. The “Heals Act,” which differs significantly from the legislation House Democrats passed last month, includes more than $100 billion for schools -...more
Treasury and the SBA disclosed the identities of a portion of PPP loan recipients. The Washington Post has created a searchable database of the recipients. Politico reports that the revelation that wealthy businesses and...more
On March 27, the President signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The $2 trillion stimulus package is the largest in American history and will make available hundreds of billions of...more