Pandemic Darlings The pandemic economy, in original documents
Home Source documents Congressional Record, House, May 28, 2020 — S. 3084, H.R. 6782 and H.R. 7010 (Suspend the Rules)

Congressional Record, House, May 28, 2020 — S. 3084, H.R. 6782 and H.R. 7010 (Suspend the Rules)

Summary

House pages of the Congressional Record for May 28, 2020, beginning at page H2330. The debate on S. 3084, as amended, concerns a correction to existing law affecting the salaries of VA employees in Senior Executive Service-equivalent positions, and the page records that the rules were suspended and the bill, as amended, was passed. Ms. Velázquez then moves to suspend the rules and pass H.R. 6782, the Small Business Transparency and Reporting for the Underbanked and Taxpayers at Home Act, whose printed text would require the Administrator of the Small Business Administration to make public information on recipients of assistance greater than $2,000,000. The page also begins the text of H.R. 7010, the Paycheck Protection Program Flexibility Act of 2020.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Cite this document

“Congressional Record, House, May 28, 2020 — S. 3084, H.R. 6782 and H.R. 7010 (Suspend the Rules).” Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/crec-crec-2020-05-28-crec-2020-05-28-pt1-pgh2330-b47f9219fe/, SHA-256 f59af87fcae54aa93c32b5c7a59380791b6caee19a73bc7a0e804678b5db0918.

Full text

                                              H2330                                             CONGRESSIONAL RECORD — HOUSE                                                             May 28, 2020
                                                S. 3084, as amended, would correct an                 card and have to step up, raise up on                  have so many of our Vietnam-era vet-
                                              error in existing law that impedes em-                  his toes to put his card—I would get                   erans who are extremely vulnerable be-
                                              ployees serving in Senior Executive                     tears in my eyes watching him—put his                  cause they have underlying conditions.
                                              Service-equivalent positions in the De-                 card in that voting machine over there                 I know that many of our veterans have
                                              partment of Veterans Health Adminis-                    to cast his vote.                                      been playing leadership roles among
                                              tration from receiving their full sala-                   We owe Sam and many veterans like                    their neighbors to lead their neighbors
                                              ries. Congress passed legislation in 2010               him who have given the ultimate sac-                   in responding to COVID–19, the novel
                                              to ensure that the individuals in those                 rifice to this great country a debt that               coronavirus.
                                              positions would be appropriately com-                   we can never pay back.                                   I thank all of those veterans across
                                              pensated for their work.                                  I served at the same time that Sam                   our country for leading that effort.
                                                However, VA discovered a technical                    did. I was in the 2nd Infantry Division                Coming off of the Memorial Day week-
                                              error in that legislation just last year                in Korea but I did not serve in Viet-                  end, it is certainly always a poignant
                                              that, unless corrected, would result in                 nam, and I can’t thank those men and                   holiday that we observe in recognition
                                              those hardworking men and women in-                     women enough.                                          of those who made the ultimate sac-
                                              stead having their salaries signifi-                      To my colleagues, my brothers and                    rifice.
                                              cantly reduced. It would also result in                 sisters, welcome home.                                   With regard to S. 3084, I urge my col-
                                              VA having to issue and collect debts                      Mr. Speaker, before I yield back, I                  leagues to pass it. It is the right thing
                                              for current and former employees who                    would like to take a moment to thank                   to do. We need to do right by the senior
                                              served in these high-level positions                    Chairman TAKANO and the leadership                     leaders of the VA. We need to make
                                              over the last decade. That is certainly                 on both sides of the aisle for bringing                sure that we continue to attract the
                                              not what Congress intended.                             these three important bills to the floor               very best to serve our veterans in the
                                                The VA employees who are impacted                     today. Our actions show that, like                     service of the Veterans Department.
                                              by this issue are serving in mission-                   many other Americans, we can con-                        Mr. Speaker, I yield back the balance
                                              critical positions across the VA                        tinue to do our jobs and our part to re-               of my time.
                                              healthcare system. Many of them have                    open the country and our economy in a                    The SPEAKER pro tempore. The
                                              been working around the clock, leading                  safe and productive way.                               question is on the motion offered by
                                              VA’s response to the COVID–19 pan-                        While I am pleased that we are debat-                the gentleman from California (Mr.
                                              demic. They are responsible for ensur-                  ing these bills today, I am disappointed               TAKANO) that the House suspend the
                                              ing that veterans and VA employees                      that H.R. 3504, the Ryan Kules and                     rules and pass the bill, S. 3084, as
                                              are safe and well cared for and that VA                 Paul Benne Specially Adaptive Housing                  amended.
                                              is able to fulfill the Department’s                     Improvement Act of 2019, was not in-                     The question was taken; and (two-
                                              fourth mission obligation to support                    cluded on today’s agenda. H.R. 3504 is a               thirds being in the affirmative) the
                                              the national response to this crisis.                   bipartisan bill introduced by Rep-                     rules were suspended and the bill, as
                                                They and their colleagues have per-                   resentatives GUS BILIRAKIS and MIKE                    amended, was passed.
                                              formed incredibly lifesaving work dur-                  LEVIN that would make important im-                      A motion to reconsider was laid on
                                              ing the pandemic. I commend them for                    provements to the specially adaptive                   the table.
                                              their efforts, which I know will con-                   housing program that helps severely                                      f
                                              tinue to be critical in the weeks and                   injured veterans adapt their homes.                                       b 0945
                                              months ahead. Making them whole by                        The bill would also require important
                                              passing this bill today is the least we                 changes to the administration of VA                    SMALL BUSINESS TRANSPARENCY
                                              can do for them in return.                              work-study benefits and make im-                         AND      REPORTING          FOR     THE
                                                I am glad to be back at work in our                   provements to the GI Bill.                               UNDERBANKED AND TAXPAYERS
                                              Nation’s Capitol, as our constituents                     The bill has already passed the House                  AT HOME ACT
                                              always intended for us to be, and to                    and has now come back over from the                      Ms. VELÁZQUEZ. Mr. Speaker, I
                                              support this bill today as a small token                Senate. It represents a four corners bi-               move to suspend the rules and pass the
                                              of appreciation to the VA leaders who                   cameral agreement, and the bill is                     bill (H.R. 6782) to require the Adminis-
                                              are steering the Department through                     strongly supported by our veterans                     trator of the Small Business Adminis-
                                              the crisis on behalf of our Nation’s vet-               service organizations.                                 tration to submit a report on recipi-
                                              erans and families.                                       I hope in the coming days we can                     ents of assistance under the paycheck
                                                Mr. Speaker, I reserve the balance of                 pass the bill and send it to President                 protection program and the economic
                                              my time.                                                Trump’s desk as soon as possible. Dur-                 injury disaster loan program, and for
                                                Mr. TAKANO. Mr. Speaker, I have no                    ing this difficult time, we should be                  other purposes, as amended.
                                              further speakers, and I am prepared to                  doing all we can to help support se-                     The Clerk read the title of the bill.
                                              close. I reserve the balance of my time.                verely disabled veterans and student                     The text of the bill is as follows:
                                                Mr. DAVID P. ROE of Tennessee. Mr.                    veterans.                                                                  H.R. 6782
                                              Speaker, I yield myself the balance of                    I thank the chairman. During this                      Be it enacted by the Senate and House of Rep-
                                              my time. I have no further speakers,                    time that we have been at home with                    resentatives of the United States of America in
                                              and I am prepared to close.                             our constituents and with our families                 Congress assembled,
                                                I would like to start, since Monday                   and really confined, we tried to con-                  SECTION 1. SHORT TITLE.
                                              was Memorial Day, to associate myself                   tinue to work, and I want to commend                     This Act may be cited as the ‘‘Small Busi-
                                              with the remarks of Mr. LAMALFA from                    the chairman on being able to do this.                 ness Transparency and Reporting for the
                                              California about Sam Johnson, one of                      Mr. Speaker, I encourage my col-                     Underbanked and Taxpayers at Home Act’’
                                              our colleagues.                                         leagues to support this bill, and I yield              or the ‘‘TRUTH Act’’.
                                                                                                                                                             SEC. 2. REPORT.
                                                Sam Johnson is one of the reasons I                   back the balance of my time.
                                              am so proud to have served in this                                                                               Not later than 30 days after the date of the
                                                                                                        Mr. TAKANO. Mr. Speaker, I yield
                                                                                                                                                             enactment of this Act, the Administrator of
                                              body. Sam was one of the most incred-                   myself the balance of my time.                         the Small Business Administration shall
                                              ible human beings I have ever met. He                     I associate myself with the remarks                  make publicly available, in an online format
                                              spent over 40 months in solitary con-                   about the memory of our recently de-                   that is sortable and searchable for key words
                                              finement, chained to a concrete floor.                  parted former Member. Of course, all of                and downloadable (to the extent technically
                                              This man came back to this country as                   our Vietnam veterans who paid the ul-                  practicable), the following information with
                                              a Wounded Warrior, but he did not let                   timate sacrifice but also those who                    respect to the paycheck protection program




SSpencer on DSK126QN23PROD with HOUSE
                                              that stop him. He went ahead and had                    came back from that service in that                    and the economic injury disaster loan pro-
                                              a very fulfilling life and really affected              war, we all owe a debt of gratitude to-                gram:
                                                                                                                                                               (1) An identification of each recipient of
                                              many of us in ways Sam will never                       ward them.                                             assistance in an amount greater than
                                              know.                                                     I recall my own uncle, who, unfortu-                 $2,000,000 from funds appropriated under the
                                                I can remember seeing Sam on this                     nately, committed suicide. I remember                  CARES Act (Public Law 116–136) or the Pay-
                                              floor. Sam was so beat up in his cap-                   coming back from school and learning                   check Protection Program and Health Care
                                              tivity that he would take his voting                    that he had committed suicide. We                      Enhancement Act (Public Law 116–139).




                                        VerDate Sep 11 2014   01:51 May 29, 2020   Jkt 099060   PO 00000   Frm 00006   Fmt 4634   Sfmt 0634   E:\CR\FM\K28MY7.012   H28MYPT1
                                              May 28, 2020                                      CONGRESSIONAL RECORD — HOUSE                                                                 H2331
                                                (2) An explanation of the decision-making             dress these problems if Congress can-                  VELÁZQUEZ and her staff for working
                                              processes under which such funds were dis-              not track where the money is going to                  with me and with my staff on this leg-
                                              bursed.                                                 verify that it is reaching the families                islation, as well as many other pieces
                                                (3) The number of employees of each entity
                                                                                                      and businesses that need it most.                      of legislation in the past.
                                              that received such assistance.
                                                                                                        To that end, my colleagues and I                       On this specific bill, we were able to
                                                (4) The date on which such assistance was
                                              disbursed.                                              have sent multiple oversight letters to                negotiate a couple of changes that
                                                (5) An identification of each lender or               SBA requesting detailed data and in-                   made the bill slightly more palatable
                                              intermediary through which such assistance              formation on the implementation of                     for those of us on this side of the aisle,
                                              was disbursed.                                          the Paycheck Protection Program and                    and that would have not happened
                                                (6) The amount of assistance provided to              Economic Injury Disaster Loans. To                     without the chairwoman’s leadership,
                                              small business concerns owned and con-                  date, we have not received anything                    so we do appreciate that.
                                              trolled by socially and economically dis-               more than what SBA has published on                      That said, philosophically, it is ex-
                                              advantaged individuals (as defined in section           their website. This is simply unaccept-
                                              8(d)(3)(C) of the Small Business Act (15
                                                                                                                                                             ceptionally difficult for me and others
                                                                                                      able.                                                  on this side of the aisle to accept the
                                              U.S.C. 637(d)(3)(C)), small business concern
                                              owned and controlled by women (as defined
                                                                                                        It is vital that the administration be               bill in its entirety. For instance, I am
                                              under section 3(n) of such Act (15 U.S.C.               transparent and good stewards of tax-                  a firm believer that small businesses
                                              632(n)), and small business concern owned               payers’ dollars. I am proud to support                 are just that, small businesses; and as
                                              and controlled by veterans (as defined in sec-          the bipartisan effort before us today,                 long as they qualify under the Small
                                              tion 3(q) of such Act (15 U.S.C. 632(q)), from          led by my esteemed colleagues Mr.                      Business Act and the SBA size stand-
                                              information voluntarily provided by such                PHILLIPS     of   Minnesota    and   Mr.               ards, no one small business ought to
                                              concerns.                                               FITZPATRICK of Pennsylvania.
                                              SEC. 3. COMMITMENTS FOR 7(a) LOANS.
                                                                                                                                                             have to do anything different under the
                                                                                                        The bill requires SBA to publish an                  law than any other small business.
                                                Notwithstanding any other provision of                online database of the recipients of
                                              law, the amounts authorized for commit-                                                                          In addition to all the burdensome re-
                                                                                                      PPP and EIDL loans over $2 million. It                 porting requirements this legislation
                                              ments for general business loans authorized
                                              under section 7(a) of the Small Business Act            would also list the number of employ-                  would impose on small businesses,
                                              (15 U.S.C. 636(a)) under the heading ‘‘BUSI-            ees at each business benefiting from                   there are two specific provisions that
                                              NESS LOANS PROGRAM ACCOUNT’’ under the                  this assistance and the amount of                      are difficult for us to support.
                                              heading ‘‘SMALL BUSINESS ADMINISTRATION’’               funds provided to underserved busi-                      First, the bill we have before us at-
                                              under title V of the Consolidated Appropria-            nesses.
                                              tions Act, 2020 (Public Law 116–93; 133 Stat.                                                                  tempts to name—and some would say,
                                                                                                        This is precisely the kind of data
                                              2475) shall apply with respect to loans made                                                                   shame—businesses that are recent PPP
                                                                                                      Congress needs to ensure that the pro-
                                              under such section 7(a), other than loans                                                                      loan recipients above $2 million. And I
                                                                                                      grams are being administered as in-
                                              made under paragraph (36) of such section                                                                      do appreciate Chairwoman VELÁZQUEZ
                                              7(a), on and after the date of enactment of             tended and, more importantly, to en-
                                                                                                                                                             going from $250,000 to $2 million.
                                              this Act.                                               sure the scarce funds are reaching
                                                                                                                                                               These businesses—at least the ones
                                                The SPEAKER pro tempore. Pursu-                       those communities and businesses that
                                                                                                                                                             that acted in good faith—followed the
                                              ant to the rule, the gentlewoman from                   need it most.
                                                                                                        Furthermore, the bill includes lan-                  law and the guidelines and received
                                              New York (Ms. VELÁZQUEZ) and the                                                                              their loans based on the best informa-
                                              gentleman from Ohio (Mr. CHABOT)                        guage that will decouple the 7(a) loan
                                                                                                      program and Paycheck Protection Pro-                   tion available at that time, and I do
                                              each will control 20 minutes.                                                                                  not believe that those businesses
                                                The Chair recognizes the gentle-                      gram accounts.
                                                                                                        Currently, both programs share the                   should be put on public display for po-
                                              woman from New York.                                                                                           tential shaming.
                                                               GENERAL LEAVE                          same appropriations account, meaning
                                                                                                      that once the Paycheck Protection                        If they didn’t follow the rules, we
                                                Ms. VELÁZQUEZ. Mr. Speaker, I ask                                                                           have remedies for calling them out,
                                              unanimous consent that all Members                      Program appropriation lapses, the 7(a)
                                                                                                      loan program will shut down along                      such as the SBA’s Office of the Inspec-
                                              may have 5 legislative days in which to                                                                        tor General, even the Department of
                                              revise and extend their remarks and in-                 with it. It was never congressional in-
                                                                                                      tent to tie the future of both programs                Justice, to seek out waste, fraud, and
                                              clude extraneous material on the meas-                                                                         abuse. Publicly naming them will do
                                              ure under consideration.                                together, so in order to preserve the
                                                                                                      sustainability of the 7(a) loan program,               little to increase transparency or any-
                                                The SPEAKER pro tempore. Is there                                                                            thing else, for that matter, we believe.
                                              objection to the request of the gentle-                 it is necessary to decouple the two ac-
                                                                                                      counts.                                                  Second, the bill requires, albeit vol-
                                              woman from New York?                                                                                           untarily, small businesses to disclose
                                                There was no objection.                                 At a time when the future of the
                                                Ms. VELÁZQUEZ. Mr. Speaker, I                        small business economy is so uncer-                    whether they are economically dis-
                                              yield myself such time as I may con-                    tain, it is of top importance to ensure                advantaged, minority owned, women
                                              sume.                                                   the long-term sustainability of the 7(a)               owned, or veteran owned. As I men-
                                                Mr. Speaker, I rise in support of the                 loan program. This language achieves                   tioned previously, I believe we ought to
                                              bill before us today, H.R. 6782, the                    that goal.                                             be making regulatory burdens fewer
                                              Small Business Transparency and Re-                       I applaud the bipartisanship and,                    and farther between, not imposing
                                              porting for the Underbanked and Tax-                    more importantly, the commitment to                    more paperwork that doesn’t help any
                                              payers at Home Act, or the TRUTH                        being good stewards of the taxpayers’                  business fight this pandemic.
                                              Act.                                                    dollars.                                                 Again, Mr. Speaker, I reluctantly op-
                                                The CARES Act and the Paycheck                          Mr. Speaker, I urge all my col-                      pose this legislation but again thank
                                              Protection Program and Health Care                      leagues, Republican and Democrat, to                   the chairwoman for her leadership and
                                              Enhancement Act provided over $725                      join me in voting for stronger trans-                  willingness to work with us on these
                                              billion in relief to nonprofits, small                  parency and oversight of the CARES                     bills and on many issues facing Amer-
                                              businesses, and the independently em-                   Act programs. Our hardworking small                    ica’s small businesses moving forward.
                                              ployed who are struggling to cope with                  business owners and the American peo-                    Mr. Speaker, I reserve the balance of
                                              the economic downturn brought about                     ple deserve no less.                                   my time.
                                              by the spread of COVID–19.                                Mr. Speaker, I reserve the balance of                  Ms. VELÁZQUEZ. Mr. Speaker, I
                                                By utilizing the SBA’s Economic In-                   my time.                                               yield as much time as he may consume
                                              jury Disaster Loan Program and cre-                       Mr. CHABOT. Mr. Speaker, I yield                     to the gentleman from Minnesota (Mr.
                                              ating the Paycheck Protection Pro-                      myself such time as I may consume.                     PHILLIPS), the sponsor of the bill.




SSpencer on DSK126QN23PROD with HOUSE
                                              gram, Congress took swift action to                       I rise in reluctant opposition to H.R.                 Mr. PHILLIPS. Mr. Speaker, I thank
                                              provide a necessary lifeline. And while                 6782, the Small Business Transparency                  Chairwoman VELÁZQUEZ for yielding.
                                              both programs have saved countless                      and Reporting for the Underbanked and                    Mr. Speaker, I rise today to talk
                                              livelihoods, jobs, and businesses, mil-                 Taxpayers at Home Act, or the TRUTH                    about truth.
                                              lions more remain left out.                             Act, as amended.                                         Now, you would think that truth
                                                Unfortunately, it won’t matter how                      Mr. Speaker, I do want to express my                 would not be up for debate in this
                                              much money Congress spends to ad-                       appreciation        to       Chairwoman                Chamber, yet here we stand literally



                                        VerDate Sep 11 2014   01:51 May 29, 2020   Jkt 099060   PO 00000   Frm 00007   Fmt 4634   Sfmt 0634   E:\CR\FM\A28MY7.005   H28MYPT1
                                              H2332                                             CONGRESSIONAL RECORD — HOUSE                                                              May 28, 2020
                                              debating my bill, the TRUTH Act,                                              b 1000                           able in an online, searchable, sortable, and
                                              which simply injects transparency and                      This data collection and trans-                     downloadable format within 30 days of pas-
                                              accountability into the very largest ex-                parency bill is a positive step in that                sage:
                                              penditure of taxpayer money in Amer-                    direction,         providing    much-needed                1. The identity of every recipient of a grant
                                              ican history.                                           transparency           and    accountability.          or loan that was funded by the CARES Act or
                                                That is it. There is no hidden agenda,                Knowledge is power and, with this bill,                the Payroll Protection Program and Health
                                              just a straightforward requirement for                  the public will finally have the knowl-                Care Enhancement Act;
                                              the Small Business Administration to                    edge on how these programs have been                       2. An explanation of the SBA’s decision-
                                              publish information about how Federal                   implemented, where the money has                       making process;
                                              relief dollars are flowing and where                    gone, who has gotten it and who hasn’t.                    3. The number of employees at the entity in
                                              they are going. And that truth should                      Not only will this empower the peo-                 question;
                                              be important to every American: busi-                   ple, it will empower Congress as we                        4. The date when the grant or loan was dis-
                                              ness owners and patrons, bankers and                    continue working to optimize the                       bursed;
                                              borrowers, Republicans and Democrats.                   CARES Act programs.                                        5. The identification number of the bank or
                                                We cannot accept a situation in                          The bill also clarifies the program                 lender that administered the grant or loan; and
                                                                                                      accounts for the Paycheck Protection                       6. The amount of assistance provided to
                                              which bigger businesses with access to
                                                                                                      Program and the 7(a) Loan Program                      small businesses owned by socially and eco-
                                              other sources of liquidity are pushing
                                                                                                      are wholly distinct, ensuring that the                 nomically disadvantaged individuals, women,
                                              to the front of the line at the expense
                                                                                                      SBA’s flagship lending program will                    and veterans.
                                              of those with the greatest need, par-                                                                              Mr. Speaker, the COVID–19 pandemic has
                                              ticularly minority-, women-, and vet-                   not shut down when the Paycheck Pro-
                                                                                                      tection Program appropriation lapses.                  challenged us in ways we could have scarcely
                                              eran-owned businesses that are strug-                                                                          imagined; it has claimed lives and destroyed
                                              gling the very most during the pan-                        As the small business economy be-
                                                                                                      gins to recover in the coming weeks                    livelihoods all across our nation.
                                              demic.                                                                                                             We are in this together and we will come
                                                I won’t accept it.                                    and months, small businesses need to
                                                                                                      be able to access affordable capital to                out stronger and better.
                                                I am on a mission to restore Ameri-                                                                              And we do that by caring for each other and
                                                                                                      rehire workers, restock their shelves,
                                              cans’ faith in their government. But                                                                           rendering equal, justice and fairness, whether
                                                                                                      and resume operations. This language
                                              trust is earned by action, not by words.                                                                       it is in the area of coronavirus testing, distribu-
                                                                                                      ensures the 7(a) program will be an op-
                                              So I ask my colleagues to join me in                                                                           tion of PPE, or economic assistance.
                                                                                                      tion for them in the next phase of re-
                                              supporting the TRUTH Act, in allowing                                                                              Our small businesses need help and they
                                                                                                      covery.
                                              the American people to see where their                     I urge my colleagues to support this                need the truth, which is why I urge my col-
                                              money is going and in ensuring that                     measure, and I yield back the balance                  leagues to join me in voting to pass H.R.
                                              businesses that need relief the most are                of my time.                                            6782, the TRUTH Act.
                                              getting it.                                                Ms. JACKSON LEE. Mr. Speaker, I rise in                 The SPEAKER pro tempore. The
                                                They say that sunlight is the best                    strong support of H.R. 6782, the Small Busi-           question is on the motion offered by
                                              disinfectant, and we could surely use                   ness Transparency and Reporting for the                the gentlewoman from New York (Ms.
                                              more of it here.                                        Underbanked and Taxpayers at Home Act or               VELÁZQUEZ) that the House suspend the
                                                Mr. CHABOT. Mr. Speaker, I yield                      TRUTH Act, which directs the Small Business            rules and pass the bill, H.R. 6782, as
                                              myself the balance of my time. I want                   Administration (SBA) to explain and justify all        amended.
                                              to thank the gentlewoman from New                       disbursements of coronavirus relief funds, en-             The question was taken.
                                              York (Ms. VELÁZQUEZ) on her leader-                    suring transparency and accountability from                The SPEAKER pro tempore. In the
                                              ship, and I regret that we cannot sup-                  this critical agency.                                  opinion of the Chair, two-thirds being
                                              port this particular piece of legisla-                     Together, the CARES Act and the Payroll             in the affirmative, the ayes have it.
                                              tion; however, I am certain that we                     Protection Program and Health Care Enhance-                Mr. ROY. Mr. Speaker, on that I de-
                                              will continue to work together in a bi-                 ment Act together allocated more than $2 tril-         mand the yeas and nays.
                                              partisan manner to address the needs                    lion to address the devastating coronavirus                The SPEAKER pro tempore. Pursu-
                                              of America’s small businesses.                          pandemic, the most expensive relief package            ant to section 3 of House Resolution
                                                I would note, just in response, brief-                ever authorized by Congress, and the largest           965, the yeas and nays are ordered.
                                              ly, to the gentleman’s mention that                     outlay of taxpayer funds in all human history.             Pursuant to clause 8 of rule XX, fur-
                                              this is called the TRUTH Act, just be-                     The stakes simply are too high to allow irre-       ther proceedings on this question are
                                              cause something is called the TRUTH                     sponsible stewardship, and those charged with          postponed.
                                              Act doesn’t necessarily mean that it is                 disbursing coronavirus relief funds must be                              f
                                              the truth, just like something called                   held to the highest standards and held to ac-          PAYCHECK PROTECTION PROGRAM
                                              the Affordable Care Act doesn’t nec-                    count for misfeasance or malfeasance.                        FLEXIBILITY ACT OF 2020
                                              essarily mean it is going to make                          Mr. Speaker, it is wholly unacceptable that
                                                                                                      the SBA has not to date provided full trans-             Ms. VELÁZQUEZ. Mr. Speaker, I
                                              healthcare more affordable.                                                                                    move to suspend the rules and pass the
                                                Mr. Speaker, I yield back the balance                 parency over its administration of the Payroll
                                                                                                      Protection Program (PPP) and Economic In-              bill (H.R. 7010) to amend the Small
                                              of my time.                                                                                                    Business Act and the CARES Act to
                                                                                                      jury Disaster Loan Program (EIDL).
                                                Ms. VELÁZQUEZ. Mr. Speaker, I                                                                               modify certain provisions related to
                                                                                                         PPP and EIDL were created by Congress to
                                              yield myself such time as I may con-                                                                           the forgiveness of loans under the pay-
                                                                                                      provide relief for small businesses affected by
                                              sume.                                                                                                          check protection program, to allow re-
                                                                                                      the pandemic, and more than $700 billion has
                                                Mr. Speaker, when this body spent                     been allocated in service of those goals.              cipients of loan forgiveness under the
                                              trillions of dollars to address the eco-                   However, in too many cases the programs             paycheck protection program to defer
                                              nomic downturn brought about by                         did not function as Congress intended, and             payroll taxes, and for other purposes,
                                              COVID–19, we included a special inspec-                 large organizations such as the Los Angeles            as amended.
                                              tor general to provide oversight over                   Lakers received funding while many of our                The Clerk read the title of the bill.
                                              the expenditure of these dollars. Unfor-                smallest and most vulnerable businesses were             The text of the bill is as follows:
                                              tunately, President Trump said the                      unable to secure assistance.                                               H.R. 7010
                                              special IG could not issue reports to                      In light of this mismanagement, it is impera-         Be it enacted by the Senate and House of Rep-
                                              Congress without Presidential super-                    tive that SBA be subject to an exhaustive              resentatives of the United States of America in
                                              vision and subsequently removed the                     audit of its handling of PPP and EIDL funding.         Congress assembled,




SSpencer on DSK126QN23PROD with HOUSE
                                              acting IG at the Pentagon and chair-                       The agency has refused to do so voluntarily,        SECTION 1. SHORT TITLE.
                                              man of the panel.                                       requiring Congress to mandate compliance                This Act may be cited as the ‘‘Paycheck
                                                So with the erosion of account-                                                                              Protection Program Flexibility Act of 2020’’.
                                                                                                      from the agency that exists to serve small
                                                                                                                                                             SEC. 2. MATURITY FOR LOANS WITH REMAINING
                                              ability, transparency is needed more                    business, the backbone of the American econ-                      BALANCE AFTER APPLICATION OF
                                              than ever. Congress needs to ensure                     omy.                                                              FORGIVENESS.
                                              that there is no waste, fraud, or abuse                    The TRUTH Act would require the SBA to                (a) IN GENERAL.—Section 7(a)(36)(K)(ii) of
                                              of taxpayers’ dollars.                                  make the following information publicly avail-         the Small Business Act (15 U.S.C. 636(a)(36))




                                        VerDate Sep 11 2014   01:51 May 29, 2020   Jkt 099060   PO 00000   Frm 00008   Fmt 4634   Sfmt 0634   E:\CR\FM\K28MY7.017   H28MYPT1


File and source

File
CREC_crec-2020-05-28_crec-2020-05-28-pt1-pgh2330.pdf
Size
231,592 bytes
SHA-256
f59af87fcae54aa93c32b5c7a59380791b6caee19a73bc7a0e804678b5db0918
Our copy
CREC_crec-2020-05-28_crec-2020-05-28-pt1-pgh2330.pdf
Original
www.govinfo.gov
Back to top