You today by your television provider. And i come here tonight to the alsmith dinner knowing im the underdog in these final weeks. If you know where to look, there are signs of hope, theres signs of hope, even in the most unexpected places, even in this room, full of proud manhattan democrats, i cant i cant shake that feeling that some people here are pulling for me. Im delighted to see you here tonight, hillary. I was thrilled to get this invitation. And i feel right at home here because its often been said that i share the politics of alfred e. Smith and the ears of alfred e. Newman. It is an honor to be here with al smith. I obviously never knew your great grandfather but from everything that senator mccain has told me the two of them had a great time together before prohibition. So of course i am delighted. But not surprised by the final repeal of the 18th amendment. I felt all along that when this matter was properly submitted to the rank and file of our people they would readily
Cspan3, created by americas Cable Television companies as a Public Service and brought to you today by your television provider. I come here tonight to the Al Smith Dinner knowing im the underdog in the final weeks. If you know where to look, there are signs of hope. Even in the most unexpected places, even in this room full of proud manhattan democrats, i cant i cant shake that feeling that some people here are pulling for me. [ applause ] im delighted to see you here tonight, hilary. [ laughter ] i was thrilled to get this invitation and i feel at home here because its often been said that i share the politics of alford e. Smith and the ears of alford e. Newman. Its an honor to be here with al smith. I never knew your great grandfather. From everything that senator mccain has told me [ laughter ] the two of them had a great time together before prohibition. Of course im delighted, but not surprised, by the final repeal of the 18th amendment. I felt all along that when this matter was
Clock to show you how much time is remaining. All members and witnesses need to be especially mindful of the fiveminute clock. At 30 seconds remaining ill , gently tap the gavel to remind members their time has expired. To simplify the speaking order process, the commission has decided to order ourselves alphabetically. With that, welcome to this virtual hearing convened by the congressional oversight commission, pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As part of our oversight work, the commission has decided to hold this hearing today which will examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support lending to small and mediumsized businesses, and nonprofit organizations that were sound before the covid pandemic. The program operates through five facilities which we will learn more about this morning.
Small and mediumsized businesses that were in sound Financial Condition before the virus impact of the economy we will hear from the head of the fed in boston and banking and business leaders. Will come tog order. This is a hybrid hearing meaning some of our commissioners are appearing in person and witnesses will testify remotely. Let me offer a few Video Conferencing reminders. Before you start speaking there will be a slight delay before you are displayed on the screen. Click the mute button until your turn to speak or to ask a question. If there is a technology issue, well move to the next speaker until it is resolved. You should all have one box on your screens labeled clock to show you how much time is remaining. Congressional Oversight Commission pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As a part of our oversight work, the commission has decided to hold
Commission has decided to order ourselves alphabetically. With that welcome to this virtual hearing convened by the Congressional Oversight Commission pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As part of our oversight work, the commission has decided to hold this hearing today which will exam examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support small and immediate you yumsized business answer Nonprofit Organization that is were in found sentence condition before the onset of the covid19 pandemic. The program operates through five facilities which we will learn more about this morning. The programs being administered by the Federal Reserve bank of boston todays hearing will have two panels. President eric rosengry. N, Federal Reserve bank of boston will testify during the first panel. Second panel will i