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Transcripts For CSPAN2 House Hearing On PPP Loan Forgiveness Process 20240712

We are meeting today to conduct an important hearing on the Small Business administration Paycheck Protection Program, or ppp, specifically, review review of the loan forgiveness process. I want to thank each of the witnesses for their testimonies today. Over the past several months, this committee has held numerous hearings on the ppp, and weve heard from borrowers and lenders about the challenges theyve faced in accessing the program. Ive also traveled across my district of burlington and ocean counties in new jersey to speak with Business Owners about how theyve fared during the pandemic, and ive heard some of the successes and challenges theyve faced with ppp and uncertainty about what the future holds. From borrowers who eventually did access a loan, the Committee Heard concerns about complicated, unclear, and sometimes conflicting Program Rules and other requirements associated with loan forgiveness. Lenders also expressed a great deal of frustration over the needlessly complicat

Transcripts For CSPAN2 House Hearing On PPP Loan Forgiveness Process 20240712

Hearings on the ppp, and weve heard from borrowers and lenders about the challenges theyve faced in accessing the program. Ive also traveled across my district of burlington and ocean counties in new jersey to speak with Business Owners about how theyve fared during the pandemic, and ive heard some of the successes and challenges theyve faced with ppp and uncertainty about what the future holds. From borrowers who eventually did access a loan, the Committee Heard concerns about complicated, unclear, and sometimes conflicting Program Rules and other requirements associated with loan forgiveness. Lenders also expressed a great deal of frustration over the needlessly complicated rules and reported feeling unable to adequately help their borrowers through the forgiveness process. Through it all, borrowers simply wanted to ensure they were using loan proceeds consistent with the law so they could qualify for full loan forgiveness, and effectively convert the loan into a grant, which was the

Transcripts For CSPAN House Subcommittee Hearing On Coronavirus Response 20240713

Word signup box. While the house of representatives remains out of session due to the coronavirus pandemic, members of the House Appropriations subcommittee met on capitol hill to look at the virus. The hearing included testimony from former cdc director tom frieden and caitlin rivers from the Johns Hopkins center for Health Security. This is 2. 5 hours. The hearing will come to order. Good morning, and welcome to the labor, health, and Human Services and education appropriations subcommittee. Todays hearing is on the nations ongoing response to the coronavirus. Like all other efforts on the supplemental package, it has been bipartisan. Let me commend my colleagues on both sides of the aisle, including my friend and Ranking Member congressman tom cole. Our witnesses, dr. Tom frieden, president and ceo of resolve to save lives and former director of the centers for Disease Control and prevention, the cdc. From 2000 92016. Dr. Caitlin rivers, featured scholar at the Johns Hopkins center

Transcripts For CSPAN2 House Subcommittee Hearing On Coronavirus Response 20240713

Coronavirus. Like all other efforts on the supplemental package, it has been bipartisan. Let me commend my colleagues on both sides of the aisle, including my friend and Ranking Member, congressman tom cole. Before you begin of what to extend a very warm welcome to our witnesses, dr. Tom frieden, president and ceo of resolve to save lives, and former director of the centers for Disease Control and prevention. The cdc, from 20092016. And dr. Caitlin rivers, senior scholar at the Johns Hopkins center for Health Security, and assistant professor in the department of Environmental Health and engineering at the Johns Hopkins Bloomberg School of Public Health. Dr. Frieden in his testimony will provide a perspective based on 30 years of fighting epidemics including leaving the cdcs response to ebola, where we are and what we need to do to protect americans. Dr. Rivers makes a case why in the months and years to come will we need additional capacities and diagnostic testing, Contact Tracing an

Transcripts For CSPAN2 House Subcommittee Hearing On Coronavirus Response 20240713

[inaudible conversations] him him him. The hearing will come to order. Good morning welcome to the labor health and Human Services and education appropriations subcommittee todays hearing is with the ongoing response to the coronavirus. Like all other efforts of the supplemental package we have been bipartisan when we commend him my colleagues on both sides of the aisle. Before i began i went to extend they were to our witnesses tom friedman president and ceo and former director of cdc in prevention 2009 through sc 2016 doctor rivers senior scholar that hell security an assistant professor in the department of Environmental Health and engineering at the Johns Hopkins Bloomberg Schools of health. Doctor friedman will do is perspective of fighting epidemics including leading the cdc response of where we are and what we need to do to protect americans doctor rivers makes a case where the months and years to come we will need additional capacity heea with Contact Tracing to combat the viru

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