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
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
Good morning, id like to start by welcoming our witnesses who appear today to provide information on the support that the department of defense is lending to the department of Homeland Security at the u. S. Mexico border. The d. O. D. s presence on the border is not new. Their support of d. H. S. Operations has indeed evolved over the past year. Right now, it would appear that this administration is testing the limits of that relationship. Since the first large group of migrants began traveling north from Central America in late april of last year, fleeing violence, persecution in their home country the president and d. H. S. Relied heavily on d. O. D. To support their Border Security operations. It is important to note here that the april, 2018, caravan the president caravan, the president s principal reason for deploying the National Guard, shrunk from 1,500 migrants to approximately 300. Nefrl, the president issued a memorandum at that time directing the second retear of defense to
Statue of liberty, there is a poem by m. Lazarus who says bring me your tired, your poor, your huddled masses wanting to breathe free. 12,000 refugees at displaced population of almost five million. Weve seen these heartbreaking pictures of children who are being killed. And think about i guess were talking about 400,000 syrians being killed in this. What about what our and b is as human beings what our obligation is to other human beings. These are people who are fleeing isis. These are people are fleeing an assad regime that uses poison gas against civilians. The u. N. G process is first, refugee, first vets people hands them to us. Average a over on year and a half before we vet them, is that correct . Yes, thats correct, senator. Senator franken and have we had any dulls that came over in syria engage in some sort of errorist plot . No, senator, not to my knowledge. Senator franken you know, my grandfather came from russia. He arrived and saw that on the statue of liberty. He was o
Leaders, including chief executive of g. E. , warping about the potential warning about the potential economic consequences of the bill. You had letters from the director of the c. I. A. , the chairman of the joint chiefs of staff, the secretary of defense and the commander of chief all warning about the potential impact of the bill. Aum of that communication was made public before Congress Cast the first vote to put this bill into law. Yesterday. So the hard to take at face value the suggestion suggs that somehow they were unaware suggestion that somehow they were unaware of the consequences of their vote. Even if they were, whats true in Elementary School is true in the United States congress. Ignorance is not an excuse. Particularly when it comes to our National Security and the safety and security of our diplomats and our Service Members. Ill also say that its a little hard to take that suggestion seriously when the arguments that are being made in this letter and in the public sta