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Thank you all the world in which we live in the testimony we will get through it so i will make an Opening Statement and senator booker and senator blumenthal. The title of the hearing today is protecting the integrity of College Athletics. Like most americans one of the highlights with basketball. And its a lot of fun its going to be really big business with collegeage athletics and its all built around the model and then the challenge that the Business Model is fair without destroying the immature nature of the game with the collegeage Athletic Team thats the end of their career and to get compensated they get scholarships and room and board but to go into the private sector that the College Athletic ex ....
Will make an Opening Statement and senator booker and senator blumenthal. The title of the hearing today is protecting the integrity of College Athletics. Like most americans one of the highlights with basketball. And its a lot of fun its going to be really big business with collegeage athletics and its all built around the model and then the challenge that the Business Model is fair without destroying the immature nature of the game with the collegeage Athletic Team thats the end of their career and to get compensated they get scholarships and room and board but to go into the private sector that the College Athletic experience is something i want to preserve and those that will not turn that into their ....
Warner who sits on the many minutes committees in the senate and i add a note that senator warner and senator doug jones and senator Bernie Sanders and blumenthal have introduced the paycheck security act which tries to keep hold and to guarantee paychecks for those workers who have been displayed by covid and it is much more direct than anything weve seen before but senator warner, thank you for joining us today. We will bring some other people [inaudible] great to see you. Tell us first about what youve done and why its so important. I think the federal governments response, which has been obviously a record size and speed, 2. 7 trillion directly appropriated, Federal Reserve to another for chilean lending have helped make this crisis at least not worse but still, we now know we have 36 million americans who have lost their job in about 25 million of those have lost their ....
People who are not working at no fault of their own because we close down the economy and as we slowly reopen the economy in a safe way we will get people back to work. In the current cares package there is several parts of it that are designed to help those American Workers. One is the ppp and getting people back to work through that process. The other is the Economic Impact payments which are the direct payments and finally be enhanced on employment insurance. We do need to fix where in certain cases we are paying more than they made so we need to fix that. We will carefully review the next few weeks and i think there is a strong likelihood we will need another bill but we just have three chilean dollars we are pumping into the economy and will step back for a few weeks and think clearly how we need to spend more money and if we need to do that. As you know, mr. Secretar ....
The coronavirus pandemic has led countries across the world to rethink manufacturing and supply chains. What steps can we take today and tomorrow to bolster a crisis ready actual Manufacturing Base and how are our policymakers addressing these issues . Joining me now is senator mark warner who sits on the many minutes committees in the senate and i add a note that senator warner and senator doug jones and senator Bernie Sanders and blumenthal have introduced the paycheck security act which tries to keep hold and to guarantee paychecks for those workers who have been displayed by covid and it is much more direct than anything weve seen before but senator warner, thank you for joining us today. We will bring some other people [inaudible] great to see you. Tell us first about what youve done and why its so important. I think the federal governments response, which has been o ....