Banking systems, the impact of covid19, and communities of color. This runs an hour and 45 minutes. Today we welcome the regulators, the comptroller of the currency, brian brooks. The federal deposit insurance corporation, jelena rodney hood. Since the passage of the coronavirus aid relief and Economic Security act or cares act of your agencies have taken many meaningful steps to mitigate the meaningful impact of the pandemic and provide conditions that will lead to a forceful recovery. On october 30, the Federal Reserve announced changes to its main Street Lending facility including decreasing the minimum loan size for priority loan facilities from 250,000 to 100,000, and allowing borrowers loan for theirpp outstanding debt. Your agency should continue to carefully review the regulatory and supervisory frameworks, adjusting where necessary to bolster Financial Institutions to support economic recovery, which, by the way, has shown positive signs over the past several months. On octobe
Comptroller of the currency, the Senate Banking Committee Received a 6month update on the state of Banking Systems, the impact of covid19 and support for Small Business owners in communities of color. This runs an hour and 45 minutes. Today we welcome to this virtually hearing the federal prudential regulators, Federal Reserve vice chairman Randal Quaries, office of the comptroller, brian brooks, chairman of yellen and mcwilliams, chairman of the National Credit administration rodney hood. We will receive testimony from each agency on efforts, activities, objectives and plans since we last testified before the committee. As well as an update on covid19 related actions. Since the passage of the coronavirus a relief and Economic Security act or cares act your agencies have taken many meaningful steps to ameliorate the Economic Impact of the pandemic as you provide conditions that will lead to a forceful recovery. On october 30th the Federal Reserve announced changes to its facility inclu
Minutes. This runs an hour and 45 minutes. Sen. Crapo today, we welcome the regulators, the comptroller of the currency, brian brooks. Chair of the federal deposit insurance corporation, Jelena Mcwilliams, and rodney hood. We will receive testimony from each agency on efforts and plans since you last testified before the committee. Since the passage of the coronavirus aid relief and Economic Security act, or cares act, your agencies have taken many meaningful steps to mitigate the Economic Impact of the pandemic and provide conditions that will lead to a forceful recovery. Lead to a forceful recovery. On october 30, the Federal Reserve announced changes to its main Street Lending facility on october 30, the Federal Reserve announced changes to its main Street Lending facility including decreasing the minimum loan size for priority loan facilities from 250,000 to 100,000, and allowing borrowers to deduct any ppp loan for their outstanding debt. Loan for their ppp outstanding debt. Your
Dakota. This program is of vital importance to the Financial Wellbeing of the schools as it reimburses them for revenue shortfall in reduction or absence of local tax because of federal property. Toin determine the program, schl districts must annually calculate students that they have enrolled while generally aapproved during the pandemic during this type of count has presented a new set of challengesus for administrators. Impact aid Coronavirus Relief act is a common sense a partisan approach that would not cost a dime yet provide financial ability to School Districts by allowing them to use lastth yeas student headcount on impact aid accounts they are completing this fall. Prevents reporting of noticeable but likely temporary decline in student enrollment that would lead to reduced impact aid payments next year. Its collecting student data more challenging as well. Expanding lines student headcount due to parents temporally homeschooling children during the pandemic. Unless Congress
To covering congress. Today in the Senate Lawmakers will debate the nomination of eileen cannon to be u. S. District court judge for the Southern District of florida. Votes are expected at noon eastern. Now live to the floor of the senate here on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Black, will open the senate in prayer. The chaplain let us pray. Eternal master, we honor you for your glory and strength. Your glory fills us with reverence and your strength inspires us with courage. Bless our lawmakers. Inspire them to find fulfillment in the splendor of holiness. Lord, remind them that you expect people of faith to illuminate the darkness of this world with exemplary actions that prompt people to glorify you. May our senators remember that their conduct, particularly during times of adversity, has longterm consequences. Lord, we praise you that you continue to rule our universe. We pray in your awesome name. Amen. The president pro tempore p