We are meeting today to conduct an important hearing on the Small Business administration Paycheck Protection Program, or ppp, specifically, review review of the loan forgiveness process. I want to thank each of the witnesses for their testimonies today. Over the past several months, this committee has held numerous hearings on the ppp, and weve heard from borrowers and lenders about the challenges theyve faced in accessing the program. Ive also traveled across my district of burlington and ocean counties in new jersey to speak with Business Owners about how theyve fared during the pandemic, and ive heard some of the successes and challenges theyve faced with ppp and uncertainty about what the future holds. From borrowers who eventually did access a loan, the Committee Heard concerns about complicated, unclear, and sometimes conflicting Program Rules and other requirements associated with loan forgiveness. Lenders also expressed a great deal of frustration over the needlessly complicat
Hearings on the ppp, and weve heard from borrowers and lenders about the challenges theyve faced in accessing the program. Ive also traveled across my district of burlington and ocean counties in new jersey to speak with Business Owners about how theyve fared during the pandemic, and ive heard some of the successes and challenges theyve faced with ppp and uncertainty about what the future holds. From borrowers who eventually did access a loan, the Committee Heard concerns about complicated, unclear, and sometimes conflicting Program Rules and other requirements associated with loan forgiveness. Lenders also expressed a great deal of frustration over the needlessly complicated rules and reported feeling unable to adequately help their borrowers through the forgiveness process. Through it all, borrowers simply wanted to ensure they were using loan proceeds consistent with the law so they could qualify for full loan forgiveness, and effectively convert the loan into a grant, which was the
Entities are all shut down. We have to restore order to our society before we can start addressing issues. Before we turn back to where we should be spending energy, make sure justice is served, just is served swiftly and we learn what george floyd gave on monday. I want to be very clear, i will have the team talk about what transition last night when the state assumed responsibility over the 630 of the third precinct, the state secured critical assets and where the land Going Forward to ensure tonight our buildings do not burn, our citizens are sick there, and that space that we are going to create allows us to get back to the conversation of serving justice and making sure we are not adding to that list of names. I want to be very clear and speak to the community. The very tools we need to use to get control, to make sure buildings are not burned and the rule of law collapses are those very institutional tools that have led to that grief and pain. Trustrstand there is no in many of o
You see multiple failures. Sunday night at 8 00. Good morning, everyone. This has been the most difficult week in minnesota in recent history and maybe in our entire history. Our community, especially our black community, is hurting beyond words. Minneapolis and st. Paul are on fire. The fires are still smoldering. The ashes are symbolic of decades and generations of pain, much like we failed to hear. , his community, our state. Philando castile, silenced, so many other friends, brothers, sisters, senselessly died in our street. Generations of pain is manifesting itself in front of the world and the world is watching. One of the first people i called after seeing the video was dosrie castile, philan mother. We have become friends. For those watching today who are not familiar, he died in front of his left one and his child and left them behind and the grieving mother who has become an advocate for justice, for reform, but more importantly for kindness and decency. Valerie said first an
Of anguish, much like we failed unheard, much like we failed to hear george floyd as he pleaded for his life as the world watched by people sworn to protect him, his community, our state. Philando castile, silenced, unheard, so many other friends, brothers, sisters, mothers, fathers senselessly died in our street. And now generations of pain is manifesting itself in front of the world, and the world is watching. One of the first people i called after seeing the video was valerie castile, philandos mother. We have become friends since the killing of philando. For those watching today who are not familiar, philando died in front of his loved one and his child and left them behind and the grieving mother who has become an advocate for justice, for reform, but more importantly an advocate for kindness and decency. When i talked to valery, she said first and foremost seek justice, seek fairness and reach out and show kindness. Visceral pain, a community trying to understand who we are and w