- Payroll Protection Program (PPP) Loan Update
- Federal Reserve Board Announces it is Expanding the Scope and Eligibility for the Main Street Lending Program
- Support Building for More Constructive ABL Integration Into Main Street Lending Programs
- SFNet Submits Request for Further Amendments to MSLP
- PPP Bill Extends $310B in Additional Capital…Fails to Incorporate Provisions for Lender Eligibility as Borrowers
Mnuchin and Powell Provide the First Public Update on the Coronavirus Aid, Relief and Economic Security Act
May 19, 2020
Yesterday, Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell provided the first public update on the Coronavirus Aid, Relief and Economic Security Act to the Senate Banking Committee. Click below for a summary of their testimonies.
Statement by Jerome H. Powell Chair Board of Governors of the Federal Reserve System before the Committee on Banking, Housing, and Urban Affairs U.S. Senate May 19, 2020
Click here:
https://www.sfnet.com/docs/default-source/tsl-tslexpress/powell-testimony-5-19-20.pdf?sfvrsn=e64f626_2
Statement of Secretary Steven T. Mnuchin Department of the Treasury Before the Senate Committee on Banking, Housing, and Urban Affairs United States Senate: May 19, 2020.
Click here:
https://www.sfnet.com/docs/default-source/tsl-tslexpress/mnuchin-testimony-5-19-201.pdf?sfvrsn=4dfc303c_2
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