Outbreak of covid19 has led to an unprecedented Public Health crisis and a dire economic crisis. We have lost over 110,000 people to the disease, and 40 million remain unemployed. Back in february as the band that it was worse, we knew we needed to take action to help our Small Businesses survive the economic downturn. We started working with the sba and governors around the country to leverage the sba disaster resources available. Can you please mute . Anyone should be muted. Everyone should be muted. As the virus continues to spread, or state and local governments began imposing stayathome orders and business closures. We quickly realized Congress Needed to do more to meet the full scope of the problem, and that is when we started working on what ultimately became the cares act. To help Small Businesses and eligible nonprofits, congress created a new Paycheck Protection Program, expanded eligibility to the program and provided payment and interest relief for current sba borrowers. I
Dinner at the ritz, there is no denying that people like to eat. Food is the high spot in our daily lives. Whether it is aboard a speeding train or in our favorite lunch room around the corner, man must eat and therein lies the secret of the growth and popularity of one of our Biggest Industries the restaurant. Here is a business employing over 2 million persons and doing over 2 billion dollars of business annually all because people have to eat, like to eat, and do not like the work of fixing their own food. Not all people like the same food served in the same way and at the same price. Therefore, we have different types of restaurants offering a different types of service to meet varying tastes. First is the Table Service type. Group provides waiter or Waitress Service. It offers a more dignified atmosphere and extensive menu than that found in other type restaurants. Appointments into service in this group are generally of a standard comparable to those in a well regulated home. A v
Our favorite lunchroom around the corner. Fo mann must eat, and must eat, and therein lies the secret of the popularity of one of our favorite industries, the restaurant. Here is a business employing over 2 million persons and doing over 2 million worth of business annually, all because people have to eat, like to eat, and dont like the work of fixing their own food. But not all people like the same food served the same way and at the same price. Therefore, we have different types of restaurants offering different types of service to meet varying tastes. First is the Table Service type. This Group Provides waiter or Waitress Service. It offers a more dignified atmosphere and extensive menu than that found in other type restaurants. Appointments and service in this group are generally of a standard comparable to those in a good, well regulated home. A variation of this group is the coffee shop. Here are generally left uncovered and the method of service is more informal. Also in this cl
Loans provided through the c. A. R. E. S. Act during the coronavirus pandemic. The House Small Business Committee held this hearing. I want to thank everyone for joining us this afternoon for our committees First Official remote hearing. I want to make sure to note some important requirements. House regulations require members to be visible through a video connection throughout the proceedings. So please keep your cameras on. Also, if you have to participate in another proceeding, please exit this one and log on later. You are recognized to minimize background noise. Over the last few months, the outbreak of covid19 has led to an unpresented Public Health crisis and dire economic crisis. We have lost over 10,000 people to the disease and 30 million remain unemployed. Back in february as the pandemic was getting worse, we knew we needed to take action to help our Small Businesses survive the economic downturn. We started working with the sba and governors around the country to leverage
Narrator your life work. Narrator everybody likes to eat. Of course, each may have his own individual preference, but no matter whether it is a hot dog at the county fair or a full course dinner at the ritz, there is no denying that people like to eat. Food is the high spot in our daily lives, whether it is aboard a speeding train or in our favorite lunchroom around the corner. For man must eat, and therein lies the secret of the growth in popularity of one of our biggest industries, the restaurant. Here is a business employing over 2 million persons and doing over 2 billion worth of business annually, all because people have to eat, like to eat, and dont like the work of fixing their own food. But not all people like the same food served the same way and at the same price. Therefore, we have different types of restaurants offering different types of service to meet varying tastes. First is the Table Service type. This Group Provides waiter or Waitress Service. It offers a more dignifi