We will receive testimony from the secretary of the treasury and e 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 stabilizatiofund 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. 3 authority is authorized under section 13 of the Federal Reserve act and plays a Critical R
Those that her contract the coronavirus thousands have died in our economy is taking a hugehi it. Plans of americans are out of work and americans are worried about their own health theyre worried about the health of their families and loved ones. And those that are suffering so over the past two months to be responding to the coronavirus we passed several major response bills and more than 2 trillion of assistance. We funded testing, medical car care, personal protective equipment, frontline medical personnel, paid sick leave, leave, direct relief payments to american citizens forgivable loans for Small Businesses and much more. Our goal is to provide a comprehensive response not just the medical priorities but the virus had an so many families. There is more work to be done. That is monitoring the implementation we provided a tremendous amount of money getting it where it needs to go as quickly as possible to be spent in the most effective way. Monitoring the implementation we have a
Members will participate remotely. This is taken pursuant to the state way stay at home order. All proceeding local and state and federal orders and directives. Committee members will attend through Video Conference or telephone and participate to the extent as if they were physically comment. Comments will be available on each item. Channel 26 and sfgovtv. Org are streaming at the top of the screen. Each speaker will be allowed two minutes. You can call 888 2045984. 888 2045984 access code 3501008. When connected Public Comment is open and dial one and zero to be added to the cue to speak. Speak clearly and slowly and turndown your television or radio. Alternatively yo you make Public Comment by emailing myself sfgovtv at lindawong at sfgovtv. If you submit by email it will be included as part of the official file. Finally, items acted upon today will appear on the april 14th board of supervisors for consideration unless otherwise stated. Thank you. Madam clerk can you call items one
The meeting has started. The meeting will come to order. This is the april 8th meeting of budget and finance committee. I am calling it to order at 10 00 a. M. It is a rescheduled meeting at 10 05 a. M. And the meeting scheduled for 10 10 a. M. There are other supervisors present. Will you please identify yourself. Anybody else who is not on the budget and Appropriations Committee . Thank you very much. I would like to thank Daniel Williams from sfgovtv for broadcasting this meeting. Madam clerk, do you have any announcements . Yes, the covid19 Health Emergency and to protect City Employees and the public the board of supervisors legislative chamber and Committee Room are closed. Members will participate remotely. This is taken pursuant to the state way stay at home order. All proceeding local and state and federal orders and directives. Committee members will attend through Video Conference or telephone and participate to the extent as if they were physically comment. Comments will be
There are other supervisors present. Will you please identify yourself. Anybody else who is not on the budget and Appropriations Committee . Thank you very much. I would like to thank Daniel Williams from sfgovtv for broadcasting this meeting. Madam clerk, do you have any announcements . Yes, the covid19 Health Emergency and to protect City Employees and the public the board of supervisors legislative chamber and Committee Room are closed. Members will participate remotely. This is taken pursuant to the state way stay at home order. All proceeding local and state and federal orders and directives. Committee members will attend through Video Conference or telephone and participate to the extent as if they were physically comment. Comments will be available on each item. Channel 26 and sfgovtv. Org are streaming at the top of the screen. Each speaker will be allowed two minutes. You can call 888 2045984. 888 2045984 access code 3501008. When connected Public Comment is open and dial one