The publication is reproduced in full below:
LABOR, HEALTH AND HUMAN SERVICES, EDUCATION, AGRICULTURE, RURAL
DEVELOPMENT, ENERGY AND WATER DEVELOPMENT, FINANCIAL SERVICES AND
GENERAL GOVERNMENT, INTERIOR, ENVIRONMENT, MILITARY CONSTRUCTION,
VETERANS AFFAIRS, TRANSPORTATION, AND HOUSING AND URBAN DEVELOPMENT
APPROPRIATIONS ACT, 2022
______
speech of
HON. SEAN PATRICK MALONEY
of new york
in the house of representatives
Tuesday, July 27, 2021
Mr. SEAN PATRICK MALONEY of New York. Mr. Speaker, I rise today in support of my amendment number 131 to En Bloc 5 of H.R. 4502.
My amendment to the Financial Services and General Government division addresses the lack of transparency for applicants and recipients of the Paycheck Protection Program (PPP), Economic Injury Disaster Loan (EIDL), Shuttered Venue Operators Grant (SVOG), and other critical SBA programs.
These SBA loans saved thousands of jobs and stopped businesses from shuttering their doors throughout this crippling pandemic.
But all too often, I hear from my constituents that they have been left in the dark as they try to access and apply for these programs.
Currently, the loan application process does not allow constituents to view the status of their application.
Especially in such a challenging year, the last thing small business owners need is confusion and uncertainty.
My office was able to step in and help hundreds of constituents access their cash, but the lack of transparency and access to real-time updates on their status from the SBA slowed the process down.
This amendment will help cut through red tape and get folks the money they need to keep their doors open and their employees on payroll.
As we look ahead and work toward continuing our economic recovery, it's time to bring the SBA into the 21st Century.
We created these SBA programs to support Americans in their greatest time of need. This amendment will continue to respond to the direct needs of small businesses in the Hudson Valley and in every district across the Nation.
I urge my colleagues to join me in support of this amendment.
____________________
SOURCE: Congressional Record Vol. 167, No. 132
The Congressional Record is a unique source of public documentation. It started in 1873, documenting nearly all the major and minor policies being discussed and debated.
House Representatives' salaries are historically higher than the median US income.
Alerts Sign-up