We will receive testimony from the secretary of the check treasury as required under title iv of the cares act congress has appropriated 3 trillion to protect to fight the pandemic and to stabilize the infrastructure of our economic system. A large portion of this funding is from the title iv of the cares act which has significant resources for loans and loan guarantees and other investments from the Federal Reserve with the emergency lending facilities in the states and municipalities and tribes. The title iv provided 454 billion as the infusion into the Stabilization Fund to support the emergency lending facilities that facilitated the qualities to support eligible businesses, states, local governments and tribes. And to be authorized under section 13 and to stabilize those markets but the Federal Reserve announced the establishment of the intent to establish to support the Financial Markets and businesses including some that are supported by the cares act. Last week other members of
To this virtual hearing the honorable steven mnuchin, secretary of the department of treasury and the honorable jerome powell, chairman of the board of governors of the Federal Reserve system. We will receive testimony from the secretary of the treasury and the chairman of the Federal Reserve as required under title iv of the cares act. Congress has appropriated 3 trillion to protect and support americans to fight the pandemic and also to stabilize the infrastructure of our economic system. A large portion of this funding is authorized under title iv of the cares act which provides resources for loans, guarantees, and other investments from treasury and the Federal Reserve 13. 3 emergency Lending Facility and programs in support of eligible businesses, states, municipalities, and tribes. Title iv of the cares act provided 454 billion as an infusion into the Exchange Stabilization fund to support the Federal Reserves emergency lending facilities that facilitate liquidity in the marketpl
Bill providing an additional 3 trillion in coronavirus economic stimulus. We expect to see that bill on the floor tomorrow. Also to discuss promoting voting and Committee Work. And now back to the start of todays hearing, this is cspan3. [inaudible conversations] the rules committee will come to order. Before i give my Opening Statement i just want to read a guidance from the attending physician, doctor monahan. We asked him specifically about the use of face coverings during proceedings like these and while he has not mandated their use he did share that and i quote, my preferences that members retain their face coverings when speaking as an activity which can release virus particles. Especially if the speaking is of a highspirited nature. S ive never had a meeting in the rules committee that hasnt been of a highspirited nature so we will leave it up to individual members to decide but i think to be cautious here i will keep mine on and i hope that everybody else will be mindful of th
We will receive testimony from the secretary of the treasury and e chairman of the Federal Reserve as required under title iv of the cares act. Congress has appropriated 3 trillion to protect and support americans to fight the pandemic and also to stabilize the infrastructure of our economic system. A large portion of this funding is authorized under title iv of the cares act which provides resources for loans, guarantees, and other investments from treasury and the Federal Reserve 13. 3 emergency Lending Facility and programs in support of eligible businesses, states, municipalities, and tribes. Title iv of the cares act provided 454 billion as an infusion into the exchange stabilizatiofund to support the Federal Reserves emergency lending facilities that facilitate liquidity in the marketplace and support eligible businesses, states, governments, and tribes. This unique authority known as 13. 3 authority is authorized under section 13 of the Federal Reserve act and plays a Critical R
Okay, the rules committee will come to order. Before i give my opening statement, i just want to read a guidance from the attending physician. And we asked him specifically about the use of face coverings during proceedings like these. And while he is not mandated their use, he did share that, and i quote, my preference is that members retain their face covers when speaking as speaking is an activity which can release virus particles, especially if the speaking is of high spirited nature. And ive never had a meeting in the rules committee that hasnt been of a high spirited nature. So were going to leave it up to individual members to decide. But i think i will to be cautious here, im going to keep mine on. Others will be mindful of the reason why there is guidance on this issue. It has been roughly three months since the First Community transmission of covid19 was discovered in the United States. Since that time, our world has changed dramatically. There are now more than 1. 3 million