Small Business Committee meet for a hearing on preventing fraud and abuse in the Paycheck Protection Program. Before we begin id like to take this opportunity to note some important requirements. Let me begin by saying that standing house and Committee Rules and practice will continue to apply during hybrid proceedings. All members are reminded that theyre expected to adhere to these standing rules including decorum. During the covered period designated by the speaker the committee will operate in accordance with House Resolution 965 and the subsequent guidance from the rules committee in a manner that respects the rights of all members to participate. Please keep your cameras on. Also please remember to remain muted until you are recognized to minimize background noise. If you must participate in another proceeding, please exit this one and log back in later. In the event a member encounters technical issues that prevent from being recognized for their question i will move to the next
Small Business Committee meet for a hearing on preventing fraud and abuse in the Paycheck Protection Program. Before we begin id like to take this opportunity to note some important requirements. Let me begin by saying that standing house and Committee Rules and practice will continue to apply during hybrid proceedings. All members are reminded that theyre expected to adhere to these standing rules including decorum. During the covered period designated by the speaker the committee will operate in accordance with House Resolution 965 and the subsequent guidance from the rules committee in a manner that respects the rights of all members to participate. Please keep your cameras on. Also please remember to remain muted until you are recognized to minimize background noise. If you must participate in another proceeding, please exit this one and log back in later. In the event a member encounters technical issues that prevent from being recognized for their question i will move to the next
Office testified. This isan hour and 20 minutes. I thank everybody for joining us today. Both virtually and in the hearing room. And also like to thank the witnesses for their participation in this important and timely oversight hearing. Before we begin id like to take this opportunity to note some important requirements. Let me begin by saying that Standing Health and Committee Roles at practice will continue to apply during hybrid proceedings. All members are reminded that theyre expected to adhere to these standing rules and put in a courtroom. During the period designated by the speaker the committee will operate in accordance with House Resolution 965 and subsequent guidance from the rules committee and canada respects the rights of all members to participate. House regulations require members to be visible through a video connection throughout the preceding though please keep your cameras on. Also, please remember to remain muted until you are recognize to minimize background noi
Decorum. During the covered period designated by the speaker the committee will operate in accordance with House Resolution 965 and the subsequent guidance from the rules committee in a manner that respects the rights of all members to participate. Please keep your cameras on. Also please remember to remain muted until you are recognized to minimize background noise. If you must participate in another proceeding, please exit this one and log back in later. In the event a member encounters technical issues that prevent from being recognized for their question i will move to the next member of the same party and i will recognize that member at the appropriate time slot provided they have returned to the proceedings. For those members physically present in the Committee Room today well also be following the health and safety guidelines issued by the attending physician. This includes social distancing and especially the use of masks. I urge members and staff to wear masks at all times whi
Hurt. Congress could address the issue pulling things accountable incentivizing them to prevent such scams. A College Student in retiree who share their experiences of getting scammed. This is about two hours. Subcomt subcommittee on investigations we Work Together on a bipartisan basis. Very pleased to welcome you to this hearing. On investigation entitled stirring on fraud alert shedding light. Ill give an Opening Statement to be followed by Ranking Member. The banks of america have a dirty little secret. It is called zelle its not just to sell its other paid platforms, apps that people used to transfer money among their Bank Accounts. The cell is nearly instantaneous. Almost always irreversible and it is owned by banks. In fact, zelle is the largest. Too. Payment app it is operated Early Warning services which in turn is owned and operated by the seven largest banks for it zelle is often integrated into consumers existing online Bank Accounts and mobile apps. Zelle markets itself as