Todays hearing on had committee of Small Business and entrepreneurship will come to order, and i want to thank everyone for joining us here today. I want to thank you both for being here though far away. And all the members for being here today. This is our first opportunity to hear from both of you about the enactment of the cares act in particular as it applies to Small Business. The cares act is landmark legislation. In less than 2 Weeks Congress passed the largest Economic Relief package in our nations history. And now after the passage of two further reforms the Paycheck Protection Program is the largest component of the Economic Relief enact by the cares act. Opthat point i just want to say a couple of things. First of all, it was the extraordinary work of many people, staff, of course worked tirelessly to make this possible. The partnership we had from both the sba and the treasury was extraordinary. Members on this committee, every single one participated. Obviously the leaders
Washington journal program. Go through our social media feed. Cspan, created by americas Cable Television companies as a Public Service and brought to you today by your television provider. Cherry treasury secretary Stephen Mnuchin and carranza testified on the implementation of the cares act corona virus relief law. The Small Business Committee Members asked about the rollout and the effectiveness of the Paycheck Protection Program referred to as ppp. [inaudible] todays hearing on this committee on Small Business and entrepreneurship will come to order and i want to thank everyone for joining us here today and welcome both secretary mnuchin and administrator carranza. Thank you for being here so far away and all the members for being here today. This is our first opportunity to hear from both of you about the enactment of the cares act as it applies to Small Business. The cares act as landmark legislation and less than two Weeks Congress passed the largest Economic Relief ka package i
The vote 11 40 eastern, a final vote around 1 30 this afternoon. Now, live coverage of the u. S. Senate here on cspan2. The chaplain lord god, in these difficult and challenging times, remind us that the earth belongs to you, and you have not abandoned it unite us with the understanding that you are our father, and we are all members of the human family. We pray for all who have been impacted by the pain of this us to crisis season. Use our senators to make the weak strong, the sick healthy, and the broken whole. Lord, surround those who have been shaken by anguish with your divine presence and peace. We pray in your loving name. Amen. The presiding officer please join me in reciting the pledge of allegiance. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. The presiding officer the clerk will read a communication to the senate. The clerk washington, d. C. , jun
In the technology area, we already witnessed a different kind of thinking. Right now we still enjoy leadership and we still enjoy standard leadership. So were able to apply some of our influence. Over time come as you know, especially in the area of Technology Evolves very quickly. By not being there, we will very quickly lose our ability to impact. Once it is harmonized based on the United States standards, for example, all the businesses will suffer because that means we potentially have to create different that the products, different sets of services. That will ever stamp act our ability to expand commerce. Thank you are a match. Too many of the other panelists want to comment on that . Yes. I know john lancaster, we are colleagues together on the United States institute of peace. I dont mean to put words into his mouth, but it is their laments to it the United States can expect to do in terms of influence in other countries. You dont have to be exactly what we would like you to be
One is talking about what happened before the Affordable Care act. If we could take our seats and welcome to this important hearing this morning. The purpose of todays hearing is to explore the Success Stories of the rollout of the Affordable Care act in states throughout the country, where teamwork and cooperation has proven to be exceedingly effective. We will also hear from a federal panel that will talk about the federal rollout and some of the challenges that have presented themselves. Normally, we have the federal panel first and the state panel second, but at the discretion of the chair, i reversed it, but require the federal leaders to be here to hear from the state exchanges and from individual Business Owners about how the situation could be improved. Id like to begin by quoting, i think it was mark twain, who said, a lie can get halfway around the world before truth gets out of bed in the morning and puts its boots on. So this morning, were going to try to give truth a chanc