Over the past several months, this committee has held numerous hearings on the ppp and heard from borrowers and challenges theyve faced in accessing the program. Ive travelled through the districts to speak with Business Owners about how they faired through the pandemic. And ive heard some of the successes and challenges they face with the ppp. And uncertainty about what the future holds. From borrower who is eventually access the loan, the Committee Heard concerns about complicated and 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 for proceeding consistent with the law so they could qualify for full loan forgiveness and effectively convert the loan into a grant which was the congressional intent i
202140 upon competition. Tips and more information on how to get started at a website, student cam. Org. The house Small Business subcommittee held a hearing on the Paycheck Protection Program also known as ppe. Small Business Owners testified about their experiences applying for ppe loan forgiveness. An excellent how this process could be confusing. We are meeting today to conduct an important hearing onl the Small Business administration Paycheck Protection Program or ppe. Specifically, a review of the loan forgiveness process. I want to thank each of the witnesses for their testimonies today. In the pastovas several months s committee has held numerous hearings on ppe. We have heard from borrowers and lenders about the challenges they face. Ive also traveled across counties in new jersey to speak with Business Owners about how e they fared during this pandem. And for some of them discuss the challenges they face with the ppe. In uncertainty about the futureo holds. Borrowers to even
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
Captioning performed by vitac through our cloudbased shared service platform, its a fed ramped cloud where we get the sensors out for those small and micro agencies and feed that data rather than into individual dashboards at their sites, feed it up into a fed ramped cloud where each agency has their multitenant dashboard. Thats been a great accomplishment for the program in terms of for the first time were getting near realtime visibility of those smaller micro agencies and helping them get the capabilities they need to protect their Critical Mission systems. One of the early wins for the program, once we were getting automated discovery capabilities out to the network, we were able to see on average across the federal government that there were 75 more assets than what were being reported up manually. So from that measurement we want to continue to build on that. Now we have all of this vulnerability information feeding up to the Agency Dashboard summarized up to the federal dashboar