Small and mediumsized businesses that were in sound Financial Condition before the virus impact of the economy we will hear from the head of the fed in boston and banking and business leaders. Will come tog order. This is a hybrid hearing meaning some of our commissioners are appearing in person and witnesses will testify remotely. Let me offer a few Video Conferencing reminders. Before you start speaking there will be a slight delay before you are displayed on the screen. Click the mute button until your turn to speak or to ask a question. If there is a technology issue, well move to the next speaker until it is resolved. You should all have one box on your screens labeled clock to show you how much time is remaining. Congressional Oversight Commission pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As a part of our oversight work, the commission has decided to hold
Commission has decided to order ourselves alphabetically. With that welcome to this virtual hearing convened by the Congressional Oversight Commission pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As part of our oversight work, the commission has decided to hold this hearing today which will exam examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support small and immediate you yumsized business answer Nonprofit Organization that is were in found sentence condition before the onset of the covid19 pandemic. The program operates through five facilities which we will learn more about this morning. The programs being administered by the Federal Reserve bank of boston todays hearing will have two panels. President eric rosengry. N, Federal Reserve bank of boston will testify during the first panel. Second panel will i
Has released a statement firmly opposing it saying that the us is completely disregarding all the efforts that china has been making to maintain peace in the region by engaging in dialogue and negotiation with all the different parties it says the u. S. Is exaggerating the problem as well as deliberately sowing discord between china and its neighbors and it goes on to accuse the u. S. Itself of being aggressive of flexing its muscles and the socalled pretense of freedom of navigation exercise and inciting confrontation now it is true that the u. S. Has been increasing its freedom of navigation operations in recent months just last month in june we had 3 u. S. Aircraft carriers circling the region and its quite rare to have that many at one time and they doing so that this was a serious provocation the u. S. For its part is saying its only responding to increased activity by beijing in the region that beijing has been undertaking this under the court cover of the corvette 19 pandemic we
Can we have the next caller. Caller good evening, supervisors. Todd snyder for district 5. I thank you for amending this measure next week and supporting it thus far. I ask that you continue to support it today. And i want to point out that an arbitrary number of Sworn Police Officers provides no flexibility to adapt to the changing needs of our city. And this came from a Consent Decree entered into in 1979. And lifted in 1998. It has no relevance to the city today. So i urge you to continue to support this measure and to put it before the voters on the ballot in november. Thank you. Clerk thank you. Can we have the next caller, please. Caller i already spoke once and i have been unmuted. Clerk i believe this person has already spoken before per their comment. Can we have the next caller, please. Caller yes, im a native san franciscan, and im in my 60s. I want to express that changing the charter to minimal staffing is a deadly Public Policy decision on your part. No doubt that crimina
Other participants. To enable the Public Participation sfgovtv is broadcasting and streaming this hearing live and we will receive Public Comment for each item on todays agenda. You can do so by calling the 800 number at 1 888 2733658. And enter access code, 3107452. Press pound, and pound again. When you are connected and your item comes up that you want to submit your public testimony, press 1 and then 0 to be added to the queue. Each speaker will be allowed up to three minutes. When you have 30 seconds remaining [broken audio] indicating that your time is up. When your allotted time is up, i will direct you that your time is up and go to the next person to speak. Call from a quiet location and speak clearly and slowly and mute the volume on your television or your computer. At this time, i would like to take roll. Commission president koppel. Here. [roll call] thank you, commissioners. First on your agenda is items proposed for continuous, item 1, 019015984cua. At 592 Second Avenue,