Planning commission received authorization to reconvene through the end of the shelter in place. Im requesting everyones patience in advance. We have now migrated to web ex and are all new to the platform. Especially me. I expert this will eliminate some technical difficulties but may create new ones. If you are not speaking please mute or turn off video camera. Sfgovtv is broad casting and streaming live. We will receive Public Comment for each item on todays agenda. You can call 415610this access code will change on a weekly basis. That is one of the changes associated with migrating to web ex. When you are connected and would like to make your Public Comment for a particular item, please press star three to be added to the queue to speak. Each speaker will be allowed up to three minutes. When you have thirty seconds remaining, you will hear a chime indicating your time is up. Best practices are to speak clearly and slowly. At this time i would like to take roll. Proposed for continu
Clock to show you how much time is remaining. All members and witnesses need to be especially mindful of the fiveminute clock. At 30 seconds remaining ill , gently tap the gavel to remind members their time has expired. To simplify the speaking order process, the commission has decided to order ourselves alphabetically. With that, welcome to this virtual hearing convened by the 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 part of our oversight work, the commission has decided to hold this hearing today which will examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support lending to small and mediumsized businesses, and nonprofit organizations that were sound before the covid pandemic. The program operates through five facilities which we will learn more about this morning.
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
Commission has decided to order ourselves alphabetically. With that welcome to this virtual hearing convened by the 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 part of our oversight work, the commission has decided to hold this hearing today which will exam examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support small and immediate you yumsized business answer Nonprofit Organization that is were in found sentence condition before the onset of the covid19 pandemic. The program operates through five facilities which we will learn more about this morning. The programs being administered by the Federal Reserve bank of boston todays hearing will have two panels. President eric rosengry. N, Federal Reserve bank of boston will testify during the first panel. Second panel will i
Grieves for the court and they will take a vote at 1 45 eastern. Now, live coverage here on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Barry black, will lead the senate in prayer. The chaplain let us pray. God of might and mercy, thank you for providing our lawmakers with opportunities for courageous and noble service. Inspire them to labor for your glory in all they say and do. Illuminate their minds with the light of your divine precepts. Equip our senators for their tasks that they may be physically fit, mentally alert, morally straight, and spiritually strong. Create in them the life of purity, honesty, and altruism that contributes solutions to the problems they face. May they work with perseverance and magnanimity for the new and better day toward which your divine intentions guide them. We pray in your faithful name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to our flag. I pledge allegiance to the