Congressional Record, House — H.R. 7010, page H2338 (May 28, 2020)
Summary
Page H2338 of the House section of the Congressional Record for May 28, 2020, during House consideration of H.R. 7010. A speaker says that under the legislation the period for certain loans will be 24 weeks and that the borrower and lender can agree otherwise. The Speaker pro tempore puts the question on the motion of Ms. Velazquez that the House suspend the rules and pass H.R. 7010, as amended, and the yeas and nays are ordered under House Resolution 965. Mr. Nadler speaks in support. The page also prints alphabetical lists of Members' names.
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“Congressional Record, House — H.R. 7010, page H2338 (May 28, 2020).”
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H2338 CONGRESSIONAL RECORD — HOUSE May 28, 2020
fund, so there will be many small busi- bipartisan manner. I always say, when continue to call for the minimum maturity on
nesses that still get loans—the period we deal with small business issues, Paycheck Protection Program loans to be ex-
will be 24 weeks. Now, by the time the there is no Democratic or Republican tended for all Paycheck Protection Program
Senate gets ahold of this, it is always approach. Those are American issues, borrowers.
possible that that may be com- particularly as they relate to our econ- The SPEAKER pro tempore. The
promised, but at this point, it is 24 omy. question is on the motion offered by
weeks in this particular piece of legis- Mr. Speaker, in that vein, I also the gentlewoman from New York (Ms.
lation. thank the gentleman from Texas (Mr. VELÁZQUEZ) that the House suspend the
But I think one of the important ROY) and the gentleman from Min- rules and pass the bill, H.R. 7010, as
things to remember is that the bor- nesota (Mr. PHILLIPS) for the great amended.
rower and the lender can get together work that they did and for the bipar- The question was taken.
and mutually agree, if they want to tisan spirit in which they brought this The SPEAKER pro tempore. In the
agree, if they don’t necessarily fall into bill to the floor. opinion of the Chair, two-thirds being
the two categories that I just men- Mr. Speaker, I strongly urge a vote in the affirmative, the ayes have it.
tioned. So there is some flexibility for in support of the legislation, and I Ms. VELÁZQUEZ. Mr. Speaker, on
them to negotiate there as well. And yield back the balance of my time. that I demand the yeas and nays.
there are other items, as we have al- Mr. NADLER. Mr. Speaker, I rise today in The SPEAKER pro tempore. Pursu-
ready discussed. support of this legislation to provide a critical ant to section 3 of House Resolution
But the important thing is this will source of aid to small businesses and non- 965, the yeas and nays are ordered.
give America’s small businesses the profits during the COVID–19 pandemic. While Pursuant to clause 8 of rule XX, fur-
flexibility to ensure that they at least the Paycheck Protection Program was estab- ther proceedings on this question will
have a chance to survive. And I know lished as an eight-week program, it was clear be postponed.
in my district in Cincinnati, and dis- from the start that the economic impact of the
pandemic would last far longer. I am proud f
tricts all over the country, their very
survival is at issue here. that the House addressed this issue by ex- b 1045
The PPP program—and it is a lot of panding the covered period to 24 weeks in the
money, as was mentioned: $350 billion Heroes Act earlier this month, and I am glad SMALL BUSINESS TRANSPARENCY
and another $310 billion, so around $660 this bill also includes a 24-week extension. AND REPORTING FOR THE
billion in this program going out all The extended timeline will give borrowers the UNDERBANKED AND TAXPAYERS
over the country to these small busi- flexibility to spread out the loan proceeds over AT HOME ACT
nesses that are the backbone of the the full course of the crisis, and in a manner The SPEAKER pro tempore. Pursu-
American economy. About half the that is best for their small business or non- ant to clause 8 of rule XX, further pro-
people who work in America work for profit. ceedings will resume on the motion to
one of these small businesses. So this The legislation also takes action to change suspend the rules and pass the bill
will help them to survive. the harmful ‘‘75/25’’ percent rule that the Small (H.R. 6782) to require the Adminis-
Thank goodness the House of Rep- Business Administration established to limit trator of the Small Business Adminis-
resentatives was able to work together the use of Paycheck Protection Program loan tration to submit a report on recipi-
in a bipartisan manner to come to this proceeds for nonpayroll expenses to 25 per- ents of assistance under the paycheck
point today where this legislation will cent. While increasing the current limitation on protection program and the economic
likely pass in a few minutes. the use of loan proceeds for nonpayroll ex- injury disaster loan program, and for
Mr. Speaker, I again thank the chair- penses from 25 percent to 40 percent will other purposes, as amended, on which
woman, and I yield back the balance of allow many small businesses to apply for the the yeas and nays were ordered.
my time. program, I am disappointed that this legislation The Clerk read the title of the bill.
Ms. VELÁZQUEZ. Mr. Speaker, I falls short of the Heroes Act and fails to elimi- The SPEAKER pro tempore. The
yield myself such time as I may con- nate the rule. Congress intended for the Pay- question is on the motion offered by
sume. check Protection Program to be a critical re- the gentlewoman from New York (Ms.
Mr. Speaker, I continuously hear source for all small businesses impacted by VELÁZQUEZ) that the House suspend the
from small businesses across the coun- the pandemic. We must make sure that the rules and pass the bill, as amended.
try about the uncertainty they are fac- program will be there and workable for micro- The vote was taken by electronic de-
ing and when they will be able to fully businesses in high rent areas like New York vice, and there were—yeas 269, nays
reopen. In the face of that uncertainty, City. Microbusinesses—such as ‘‘mom and 147, not voting 15, as follows:
small businesses need flexibility with pop’’ shops and corner stores—are the life- [Roll No. 113]
these loans. blood of our communities. I will continue work-
YEAS—269
This bill takes an important step in ing to ensure that the small business assist-
Adams Castro (TX) Demings
providing that flexibility and making ance programs created in the CARES Act are Aguilar Chu, Judy DeSaulnier
the Paycheck Protection Program accessible and viable for the most vulnerable Allred Cicilline Deutch
work better for the millions of small small businesses. Axne Cisneros Diaz-Balart
businesses across the country that are I am also disappointed that this legislation Bacon Clark (MA) Dingell
Barragán Clarke (NY) Doggett
trying to weather this storm. And was amended to remove language to retro- Bass Clay Doyle, Michael
since we do not know how long this actively establish a five-year minimum maturity Beatty Cleaver F.
storm will last, we must ensure small on Paycheck Protection Program loans for Bera Clyburn Engel
amounts not forgiven. While the CARES Act Beyer Cohen Escobar
businesses are able to take advantage Bishop (GA) Connolly Eshoo
of the program through the end of the allowed a maximum maturity of up to ten Blumenauer Cooper Espaillat
calendar year and to use the loan over years from when the borrower applied for the Blunt Rochester Correa Evans
the course of 24 weeks. This program is loan, the Small Business Administration limited Bonamici Costa Finkenauer
Boyle, Brendan Courtney Fitzpatrick
now a stronger onramp to full employ- the minimum maturity of the loans to two F. Cox (CA) Fletcher
ment for small employers to weather years just hours before financial institutions Brindisi Craig Fortenberry
this unprecedented economic and pub- began accepting Paycheck Protection Pro- Brooks (AL) Crenshaw Foster
gram loans. To address this issue, the Heroes Brown (MD) Crist Frankel
lic health crisis. Brownley (CA) Crow Fudge
I commend the Committee on Small Act established a minimum maturity on PPP Burchett Cuellar Gabbard
Business staff on both sides of the aisle loans of five years to enable borrowers to am- Bustos Cunningham Gaetz
SSpencer on DSK126QN23PROD with HOUSE
for their dedication and hard work over ortize loans over a longer period of time, de- Butterfield Davids (KS) Gallagher
Calvert Davis (CA) Gallego
these last few months. I thank them creasing their monthly payments on any por- Carbajal Davis, Danny K. Garamendi
for their commitment to our Nation’s tion that is not forgiven. While this legislation Cárdenas Dean Garcı́a (IL)
small employers and their workers. also establishes a five-year minimum maturity Carson (IN) DeFazio Garcia (TX)
And I thank the ranking member, be- on Paycheck Protection Program loans, it fails Cartwright DeGette Golden
Case DeLauro Gomez
cause we have always, throughout the to make the change retroactive for the millions Casten (IL) DelBene Gonzalez (TX)
history of the committee, worked in a that have already received their loans. I will Castor (FL) Delgado Gottheimer
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May 28, 2020 CONGRESSIONAL RECORD — HOUSE H2339
Green, Al (TX) Maloney, Sean Schakowsky Rodgers (WA) Stauber Watkins sions related to the forgiveness of loans
Grijalva Massie Schiff Roe, David P. Stivers Weber (TX)
Grothman Matsui Schneider Rogers (AL) Taylor Webster (FL)
under the paycheck protection pro-
Haaland McAdams Schrader Rogers (KY) Thompson (PA) Wenstrup gram, to allow recipients of loan for-
Harder (CA) McBath Schrier Rose, John W. Thornberry Westerman giveness under the paycheck protection
Hastings McCaul Schweikert Rouzer Tiffany Williams program to defer payroll taxes, and for
Hayes McClintock Scott (VA) Scalise Timmons Wilson (SC)
Heck McCollum Scott, Austin Tipton Wittman other purposes, as amended, on which
Scott, David
Herrera Beutler McEachin Serrano Shimkus Turner Womack the yeas and nays were ordered.
Higgins (NY) McGovern Simpson Walberg Woodall
Sewell (AL)
Smith (MO) Walker Wright
The Clerk read the title of the bill.
Himes McNerney Shalala
Horn, Kendra S. Meeks Sherman
Smith (NE) Walorski Yoho The SPEAKER pro tempore. The
Horsford Meng
Sherrill
Spano Waltz Zeldin question is on the motion offered by
Houlahan Mooney (WV) the gentlewoman from New York (Ms.
Sires NOT VOTING—15
Hoyer Moore
Huffman Morelle
Slotkin
Abraham Granger Mfume VELÁZQUEZ) that the House suspend the
Huizenga Moulton Smith (NJ) rules and pass the bill, as amended.
Brooks (IN) Hollingsworth Rooney (FL)
Hurd (TX) Mucarsel-Powell Smith (WA) Buchanan LaHood Roybal-Allard
Jackson Lee Murphy (FL) Smucker The vote was taken by electronic de-
Carter (TX) Marchant Sensenbrenner
Jayapal Nadler Soto Crawford McHenry Young vice, and there were—yeas 417, nays 1,
Jeffries Napolitano Spanberger not voting 13, as follows:
Johnson (GA) Neal Speier b 1159
Johnson (TX) Neguse Stanton [Roll No. 114]
Joyce (OH) Newhouse Stefanik Messrs. DUNCAN, HUDSON, RICE of
YEAS—417
Kaptur Norcross Steil South Carolina, and WOODALL
Katko O’Halleran Steube changed their vote from ‘‘yea’’ to Adams Cooper Green, Al (TX)
Keating Ocasio-Cortez Stevens Aderholt Correa Griffith
‘‘nay.’’ Aguilar Costa Grijalva
Kelly (IL) Omar Stewart
Kennedy Pallone Suozzi
Mr. BACON, Ms. HERRERA Allen Courtney Grothman
Khanna Panetta BEUTLER, and Mr. ROY changed their Allred Cox (CA) Guest
Swalwell (CA)
Amash Craig Guthrie
Kildee Pappas Takano vote from ‘‘nay’’ to ‘‘yea.’’ Amodei Crenshaw Haaland
Kilmer Pascrell Thompson (CA)
Kim Payne
So (two-thirds not being in the af- Armstrong Crist Hagedorn
Thompson (MS)
Kind Pelosi Titus
firmative) the motion was rejected. Arrington Crow Harder (CA)
Kinzinger Perlmutter The result of the vote was announced Axne Cuellar Harris
Tlaib Babin Cunningham Hartzler
Kirkpatrick Perry Tonko as above recorded.
Krishnamoorthi Peters Bacon Curtis Hastings
Kuster (NH) Peterson
Torres (CA) Stated for: Baird Davids (KS) Hayes
Torres Small Mr. YOUNG. Madam Speaker, I was unable Balderson Davidson (OH) Heck
Lamb Phillips
(NM) Banks Davis (CA) Hern, Kevin
Langevin Pingree
Trahan to vote on May 28, 2020. Had I been present, Barr Davis, Danny K. Herrera Beutler
Larsen (WA) Pocan I would have voted ‘‘aye’’ on rollcall No. 113,
Trone Barragán Davis, Rodney Hice (GA)
Larson (CT) Porter
Lawrence Posey
Underwood on passage of H.R. 6782. Bass Dean Higgins (LA)
Upton Beatty DeFazio Higgins (NY)
Lawson (FL) Pressley MEMBERS RECORDED PURSUANT TO HOUSE
Lee (CA) Price (NC) Van Drew Bera DeGette Hill (AR)
Vargas RESOLUTION 965, 116TH CONGRESS Bergman DeLauro Himes
Lee (NV) Quigley
Levin (CA) Raskin Veasey Barragán Hastings Mucarsel-Powell Beyer DelBene Holding
Levin (MI) Reed Vela (Gallego) (Wasserman (Wasserman Biggs Delgado Horn, Kendra S.
Lewis Rice (NY) Velázquez Bass (Cicilline) Schultz) Schultz) Bilirakis Demings Horsford
Lieu, Ted Richmond Visclosky Bera (Aguilar) Heck (Kilmer) Napolitano Bishop (GA) DeSaulnier Houlahan
Lipinski Rose (NY) Wagner Blumenauer Horsford (Kildee) (Correa) Bishop (NC) DesJarlais Hoyer
Loebsack Rouda Walden (Beyer) Huffman (Kildee) Payne Bishop (UT) Deutch Hudson
Lofgren Roy Wasserman Bonamici Jayapal (Raskin) (Wasserman Blumenauer Diaz-Balart Huffman
Lowenthal Ruiz Schultz (Raskin) Johnson (TX) Blunt Rochester Dingell Huizenga
Schultz)
Lowey Ruppersberger Waters Brownley (CA) (Jeffries) Bonamici Doggett Hurd (TX)
Peters (Rice
Luján Rush Watson Coleman (Kuster (NH)) Khanna Bost Doyle, Michael Jackson Lee
(NY))
Luria Rutherford Welch Cárdenas (Sherman) Boyle, Brendan F. Jayapal
(Sánchez) Pingree (Kuster F. Duncan Jeffries
Lynch Ryan Wexton Kirkpatrick (NH))
Malinowski Sánchez Wild Chu, Judy (Gallego) Brady Dunn Johnson (GA)
(Takano) Pocan (Raskin) Brindisi Emmer Johnson (LA)
Maloney, Sarbanes Wilson (FL) Krishnamoorthi
Cisneros Porter (Wexton) Brooks (AL) Engel Johnson (OH)
Carolyn B. Scanlon Yarmuth (Brown (MD))
(Houlahan) Price (NC) Brown (MD) Escobar Johnson (SD)
Lawrence (Butterfield)
Cohen (Beyer) Brownley (CA) Eshoo Johnson (TX)
NAYS—147 (Kildee)
Ruiz (Aguilar) Buck Espaillat Jordan
Crist (Murphy
Lawson (FL)
Aderholt DesJarlais Jordan (FL)) Rush Bucshon Estes Joyce (OH)
(Evans)
Allen Duncan Joyce (PA) Davis (CA) (Wild) (Underwood) Budd Evans Joyce (PA)
Amash Dunn Levin (CA) Burchett
Keller DeSaulnier Schneider Ferguson Kaptur
Amodei Emmer (Kildee) Burgess
Kelly (MS) (Matsui) (Houlahan) Finkenauer Katko
Armstrong Estes Kelly (PA) Deutch (Rice Levin (MI) Bustos Fitzpatrick Keating
(Raskin) Schrader
Arrington Ferguson King (IA) (NY)) (O’Halleran) Butterfield Fleischmann Keller
Babin Fleischmann King (NY) Doggett (Raskin) Lewis (Kildee) Byrne Fletcher Kelly (IL)
Lieu, Ted (Beyer) Schrier (Kilmer)
Baird Flores Kustoff (TN) Escobar (Garcia Serrano (Meng) Calvert Flores Kelly (MS)
Balderson Foxx (NC) LaMalfa (TX)) Lipinski (Cooper) Carbajal Fortenberry Kelly (PA)
Lofgren (Boyle, Speier (Scanlon)
Banks Fulcher Lamborn Eshoo Cárdenas Foster Kennedy
Brendan F.) Suozzi (Panetta)
Barr Garcia (CA) Latta (Thompson Carson (IN) Foxx (NC) Khanna
Lowenthal Tlaib (Dingell)
Bergman Gianforte Lesko (CA)) Carter (GA) Frankel Kildee
Biggs Gibbs (Beyer) Tonko (Meng)
Long Foster (Beyer) Cartwright Fudge Kilmer
Bilirakis Gohmert Loudermilk Frankel (Kuster Lowey (Meng) Vargas (Keating) Case Fulcher Kim
Bishop (NC) Gonzalez (OH) Lucas (NH)) Maloney, Veasey (Beyer) Casten (IL) Gabbard Kind
Bishop (UT) Gooden Luetkemeyer Garamendi Carolyn B. Vela (Gallego) Castor (FL) Gaetz King (IA)
Bost Gosar Marshall (Sherman) (Rose (NY)) Watson Coleman Castro (TX) Gallagher King (NY)
Brady Graves (GA) Mast Gonzalez (TX) McEachin (Pallone) Chabot Gallego Kinzinger
Buck Graves (LA) McCarthy (Cuellar) (Wexton) Welch Cheney Garamendi Kirkpatrick
Bucshon Graves (MO) McKinley Grijalva (Clay) McNerney (McGovern) Chu, Judy Garcia (CA) Krishnamoorthi
Budd Green (TN) Meuser Harder (CA) (Raskin) Wilson (FL) Cicilline Garcı́a (IL) Kuster (NH)
Burgess Griffith Miller (Haaland) Moore (Beyer) (Hayes) Cisneros Garcia (TX) Kustoff (TN)
Byrne Guest Mitchell Clark (MA) Gianforte LaMalfa
Carter (GA) Guthrie Moolenaar
f Clarke (NY) Gibbs Lamb
Chabot Hagedorn Mullin PAYCHECK PROTECTION PROGRAM Clay Gohmert Lamborn
Cheney Harris Murphy (NC) Cleaver Golden Langevin
Cline Hartzler Norman FLEXIBILITY ACT OF 2020 Cline Gomez Larsen (WA)
SSpencer on DSK126QN23PROD with HOUSE
Cloud Hern, Kevin Nunes The SPEAKER pro tempore (Ms. Cloud Gonzalez (OH) Larson (CT)
Cole Hice (GA) Olson Clyburn Gonzalez (TX) Latta
Collins (GA) Higgins (LA) Palazzo
JACKSON LEE). Pursuant to clause 8 of Cohen Gooden Lawrence
Comer Hill (AR) Palmer rule XX, further proceedings will re- Cole Gosar Lawson (FL)
Conaway Holding Pence sume on the motion to suspend the Collins (GA) Gottheimer Lee (CA)
Cook Hudson Reschenthaler rules and pass the bill (H.R. 7010) to Comer Graves (GA) Lee (NV)
Curtis Johnson (LA) Rice (SC) Conaway Graves (LA) Lesko
Davidson (OH) Johnson (OH) Riggleman amend the Small Business Act and the Connolly Graves (MO) Levin (CA)
Davis, Rodney Johnson (SD) Roby CARES Act to modify certain provi- Cook Green (TN) Levin (MI)
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