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
Supreme court with chief Justice John Roberts writing the government did not give adequate justification for ending this program, allowed 8,000 dreamers to avoid deportation. It allows children of Illegal Immigrants to stay in the u. S. If they were under the age of 16 when their parents brought them here and if they arrived by 2007. This ruling means the president can try to come back with a more detailed rational for why the program should be shut down but that could take mondays. University of california, California Attorney general Javier Becerra and a coalition of states sued to restore daca. Becerra said this is a true indictment of the way President Trump does business, which does not reflect american values. He and the daca resill yentz on the call, include two plaintiffs in the case called on congress to come up with a permanent path to citizenship. The victory today proves no one is above the law, including this president. Trump is not above the law. He has made it clear time
Chaplain conroy let us pray. God of the universe, thank you for giving us another day. Throughout the country people mourn those whom they have lost. People lament the loss of businesses of normalcy. 100,000 have now died of covid19. They were democrats and republicans, they lived in urban areas and now more and more in rural areas. They were the desendents of men and women who were colonists or founding fathers, and immigrants who had recently become citizens. They were disproportionately people of color, but not only of color, and of every religion and culture in this nation. , when o lord, will we come to understand that we are all in this together . If we do not stand together we risk falling together. Heal the divisions within our body politic, within this chamber so that your healing power through our actions and good will can be manifest in our United States. May everything done this day and in the days and weeks to come be for your greater honor and glory, amen. The speaker pro
We moved all of the lanes of the communication highlighted and analog to digital. That was cable, broadcast, satellite and the satellites had been launched but the service had not yet begun. We did with the Digital Radio standard and my First Commission meeting we did ban for pcs and over an extraordinary time. And we were just [inaudible] speaking began the first auction at which point they used the hand placard to build. It was an exciting time to be there. Plus, on top of all of that we implemented the 1996 telecom act which dramatically changed the landscape by introducing competition in the local telepathy and video and also dramatically changed the landscape for broadcast widening the ability to consolidate properties. Host looking back 20 years later, did you get it right to connect to the groundwork laid correctly . Guest some of it we did but keep in mind the other thing we did was what was so important cspan can appreciate this greatly is establishing the Program Requirements
Again. We will move as quickly as we can but should we not be able to accommodate every member in person today, we will be accepting statements for the record until thursday, april 30. This important hearing i want to mention the chairwoman has been in our thoughts and prayers we wish you nothing but the best as you recover. Small businesses and entrepreneurs play a Critical Role within the american economy. Not only do they employ half of the nations workers but created two out of every three new jobs in the nation. You only need to take the poll from main street america. It is demonstrated Small Businesses and employees and the Response Congress created with a Paycheck Protection Programs with as many Small Businesses as possible during emergency. A low interest loan can be forgiven if used for payroll and Small Businesses have a tool available to assist them as they weather the storm experiencing extremely high demand and within a two week span all the money was exhausted i devote m