The new system and we have a staff update on this this morning. So looking forward to that. In short, d. B. I. Is still fulfilling its motion on behalf of the his. I want to thank you to our hardworking and dedicated professionals for their absolute terrific jobs they are doing and have been doing. Under the enormous stresses caused by this virus. This continues to require multiple adjustments in very reduced timeframes and under challenging conditions. And we are all deeply impressed with our staffs achievements to date. On top of Everything Else, the entire department is moving its offices to 49 south van ness. The move will start on july 23rd and take place over two weekends. It will mean that the Curbside Services are unavailable for a few days and again staff will provide more details on this later in the morning. The city, as you know, is keeping a very close eye on the resurgence of the deadly virus. Well keep you updated as changes occur and we have steps that are designed to k
Noise. Members are responsible for on muting themselves when they wish to seek recognition. Somebody is not muted right now. Can you check to see if you are muted . Required tobers are leave their cameras on the entire time they are in official proceedings, even if they step away from the camera. Hearing, theremote Committee Chair is officially closed. Members who sit with their devices in the room must wear headphones to avoid feedback, echoes, and distortion resulting from more than one person on the platform sitting in the same room. Use are also expected to social distancing guidelines including the use of masks, gloves, and wiping down the area in the hearing room. Questions, if the witness is also in the hearing room, it would help if you mute while the answer is taking place , because the answer is picked up by your mike and that echoes back and there is usually distortion. The rollcall is not necessary to establish a quorum in official proceedings conducted remotely. When there
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 four 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. Fundingportion of this is authorized under title iv of the cares act which provides resources to loans, guarantees, and other investments from treasury and the Federal Reserve 13. 3 emergency Lending Facility and support of eligible businesses, municipalities, and tribes. Title iv of the cares act anvided 454 billion as infusion into the Exchange Stabilization fund 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 three authority is authorized under section 13 of the Federal Reserve a
The president pro tempore the senate will come to order. The chaplain, dr. Black, will lead the senate in prayer. The chaplain let us pray. God of our destiny, you have watched over us from generation to generation. May our lawmakers trust your faithfulness during this challenging season of our nations history. Lord, inspire them to recall how you have sustained the land we love in prosperity and adversity, in peace and in war. Give our senators the wisdom to believe that they can trust your constancy and greatness, as they cling to your promise never to leave or forsake them. Believing in your power, help us all to face fresh challenges with total confidence in you. And lord, we pray for the health and safety of all as communities begin the process of reopening businesses. We pray in your mighty name. Amen. The president pro tempore please join me in the pledge of allegiance to the flag. I pledge allegiance to the flag of the United States of america, and to the republic for which it
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