Clerk thank you. We have four yeses. Motion passes. Thank you, madam secretary. Please call next item, please. Clerk next item, number 20, discussion item, executive directors report. I will keep mine very short, however, i do want to point out that weve been extremely lucky since the shelter in place order. Weve been able to hire two of our t members of our Leadership Team into permanent positions. Ba do is on the reporting side, and were more than happy that bill and his team have adopted him and have assured us that they will be always available to help him be successful in his job. A second key hire that we have brought on board last month and a project that ive been working on for 15 years, and that is to get a Quality Assurance Operational Risk office started in the department, and i have been working with mr. Derwin brown for nearly two years, i think over two years, frankly. Tried to convince him that he needed to leave the l. A. County plan and come up and join us in San Franc
Unfiltered view of government. Crated by americas Cable Television company as a Public Service and brought to today by your television provider. Next, a hearing on preventing fraud and abuse in the Paycheck Protection Program. The Inspector General of the Small Business administration along with a representative of Government Accountability office testified. This is one hour, 20 minutes. I thank everybody for joining us today, both virtually and in the hearing room and id also like to thank the witnesses for their participation in this important and timely oversight hearing. Before we begin i would like to take this opportunity to note some important requirements and let me begin by saying that standing house and Committee Rules at practice will continue to apply during high proceedings and all members are reminded that they are expected to adhere to the standing rules and putting decorum. During the covered time designated by the speaker of the committee will operate in accordance wit
Our political machinations then sometimes we are, just watch closely and pick up a copy of the Financial Times or the london times, this is frontpage news every day over there, hard to say how the markets are treating this right now there is a school of thought that says the better joe biden does the worst the markets will react, another one that says if donald trump can come through this without overly picking on joe biden, he could do well himself. Again advice is pretty cheap these days. Sometimes debates do little to change the context of the election and sometimes it can reaffirm opinion, we will be watching that monitoring develops in washington with judge barrett, Amy Coney Barrett on capitol hill and she will be meeting with all the key republican senators including Mitch Mcconnell the Senate Leader and we will see senator tom tandsenator ann, here said d be open to meeting with the president Supreme Court choice at a time in a point before the confirmation hearing and they are
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
Advance. Of noted on the agenda, members of the public may observe this Conference Meeting via sfgovtv. Org and sfgov tv channel 26 and they may make Public Comment by calling the Public Comment phone numbers. Like to welcome the members of the president and stuff watching us live on sfgov tv. The Commission Asks and thank you for your patience during these unprecedented times. We ask the public to have patience and expect delays and gaps during the meeting. Please call the roll. [roll call] commissioner lum she dropped off. She was caller three. I dont see her. I dont see her number. Please note that executive director Shireen Mcfadden is present. We have a quorum. Next item is through communication. Public comment will be available on each item on this agenda and during general Public Comment. Both channel 26 and sfgovtv. Org are streaming the number across the screen. Each speaker will be allowed three minutes to speak. Comments are opportunities are speak during the Public Comment