Committee about his agencys role back in june for the nearby st. Visit to johns episcopal church. Senate republicans have their proposal. That includes another round of stimulus checks, additional benefits, and an extension of the paycheck and ction loan Program Funding for schools. News apitol hill, this conference is 30 minutes. Good afternoon, everyone. Last acted with back in marchd19 and april, at that point we had about 3 trillion to the national debt. Ended up f course, with a debt with the size of our economy for the First Time Since which is in and of concerning. We needed to push the pause button and look at what passed. The ee how we did when economy began to reopen and take another look at what the country in july. Many Senate Republicans and the dministration have been consulting over the last few weeks to come up with a what we proposal with an appropriate amount of Additional Debt to be added to the economy at this time. Think its about a trillion dollars, and weve allocated in a way that we think akes the most sense for the country at this particular time. Here wont be a bill that passes the senate that doesnt have this in it. There have already been 3,500 lawsuits filed. The country cannot stand an epidemic of lawsuits on the pandemic. The were already working our way through. Going to call m who have eagues developed various component arts of our proposal, and im not certain who comes second. Do we know whose next . Chairman grassley. Number one, were going to continue the Economic Impact aprilts that were made in and may, that means that the of four will get another payment of 3,400. Includes just a few people that were unintentionally left of the last one. Dependents, college and adults that are somebody elses dependent. Additional unemployment insurance, and thats on top of whatever the different 50 states give, and on top of the economic statement i just gave, so we want to continue to help the we want to but encourage work, and weve learned a very tough lesson that you pay people not to work, what do you expect . This payment will be adjusted so that we have payments to help eople for approximately 70 to 75 of their income. Thats not me. So. Ont think [laughter] just like mine. [laughter] were going to have further tax relief for businesses to hiring and rehiring, that to nt to do encourage people to get back to work and help the employer in people in support the meantime. In nursing ents homes, and also foster you, state and and how local governments can use federal relief funds including ability to use funds to cover shortfall, and if somebody doesnt want me to get television, i know that. Youve got to be kidding . Didnt you tell me that. You. Hey are trying to call im embarrassed. Im sorry. Lastly. I hope the democrats will come to the table and well work out agreement. An much. Ank you very chairman shelby. We all know this is round one and we believe as the leader said, senator grassley and say, this is for the American People to help get them back to work. Keep them at work. Back to school. Keep them in school. We can. Y as weve already put out a lot of money. Are extraordinary times. I know the house has a bigger this, and this is something were going to have to work through. Overall, we think this is a package, and i hope way enate in a bipartisan will move forward with it. You. Hank most of the things in our bill added to ng when senator blunts appropriations bill so ill just speak about three. Student loans. Choice. And childcare. March, congress agreed that the 43 million americans who have a student loan would not pay a Monthly Payment until october 1. The payment would be deferred. Would still owe it but it would be deferred. October 1 is just around the propose is, ifwe ou had no income, you have no Monthly Payment. If you do have income, then well change the student loan system so that you never have to pay more than 10 of income after youve deducted the necessities of life and food. Age second, on school choice, there 135,000 public and private schools in the country. A 000 private schools, hundred thousand public, about 50 million children in the 5. 7 in the ols, private schools. Think ly speaking, we every child is equally we rtant, and so what propose is about 70 billion for kindergarten through the 12th 30 more billion for colleges that amount of education is about the same as bill, so there d could be an area of agreement. Senator blount will say we believe that every school should get some money. Be about 1,200 per person on k through 12. School should get 1 3 of that. Even if they are opening rest of that the money should go to schools that as making an effort to open much as possible with students physically present. Expenses many more when youre physically present. Buses, more teachers, more protective equipment. We believe we ought to pay, pay that. On school choice, senator scott has a bill which hell im a cosponsor of parents ch would give more choices of all schools, and childcare, Childcare Centers are having a hard time staying open ecause they have less revenue, fewer students, and there need to be more Safe Environments for childcare, and finally, were spending a lot of money to build up manufacturing plants. Want to make sure that in the future, they are not in china vaccines,ed to create and in the future we want to make sure we have plenty of masks and other equipment in our stockpiles so we authorize that as well. Back to bill about childcare and back to work. Susan collins . The Paycheck Protection Program has been a lifeline to than five million Small Businesses and their employees nationwide. In the state of maine, all small of businesses have received these that have loans jobs of 240,000 people of main and brought more to the state ion of maine. A second y proposing ound of ppp loans for the hardest hit smallest businesses. Just this morning, i was talking inn keeper in maine who at this time of year, usually his inn would be single night. Very down by business is 93 . That t were proposing is hard hit Small Businesses, those losses of 50 or ore, compared to last year, would be able to receive a loan to sustain their employees and to help cover overhead expenses. Provision ortant llows ppp overhead expenses to be used for renovations that are with cdc to comply protective personal equipment, such as masks or renovations ther that may be needed to ensure the safety of both the employers employees and customers. Particularly helpful to restaurants, for under , that are still strict restrictions. There is also a long term loan component of the bill that senator roduced, and rubio is going to explain that here. He gets i dont think hes here yet. Program has this been one of the most successful andisions of the cares act, im delighted that were of it cing an extension today. You. K roy blunt. Do much ime we didnt about china. This time we are. So what have we learned . Protective equipment that our doctors and nurses and Healthcare Professionals need to us safe and keep their families safe is made in china o President Trump is hell bent on trying to bring the medical supply chain back. There is a big step forward in this bill. 7. 5 billion tax ppe t to incentivize material to be made in the united states. Sanitizer,ks, gowns, edding, off the energy tax credit. We think that will have a big effect. Amendment there is a requirement that American Military uniforms be made in america. Ppe under g to put that so the National Stockpile will have protective equipment dont america and we have to depend on china. Senator cornen has chips for america. Lost the semiconductor industry. Now were trying to bring it back. Big investment in texas. Were going to give tax credit semiconductors here which helps in another way. Senator portman has a bill which to punish people who steal intellectual property create a security counsel around research and evelopment and pemts for bad actors who try to steal their and senator s, mccowssky lives in alaska. A poor job of getting materials out of the ground in an environmentally sound way and were becoming more dependent on china and other places around the world for Critical Minerals got to plan to become made and owned this. Roy blunt. Think 25 bills in the about on subcommittee, 250 billion dollars, none of that money thats there was there without the input from shelby and chairman alexander who chairs the uthorizing committee, obviously, chairman shelby chairs the full committee, on the education front i think talked robably been about enough. Youll have some questions on that later, on the higher part, the 30 billion or so that goes to higher education. On the ey will go out fte basis to colleges and will go out and quickly, we hope, and many of as early as pen august 10th or so. Money eed to get that out. The elementary and secondary money, 2 3 being held back for people who are trying to get in erson education reinstated again. A lot of that money also can go out quickly. Our bill, if at least 50 are in person s 50 of the time you qualify immediately for the second 2 3 that would come to your school, and if its less has to be it explained in a different way, left up to governors and the ducation department in the state to work on that. He health front, we have we have 16 billion new dollars, billion a total of 25 for testing. Our priority to help with through the states is to put a priority on elementary and education, on higher education, on nursing homes, and facilities. Childcare facilities also get a bill. Attention in this 15 billion in childcare that, frankly, have a at model that doesnt work likely 50 which is the childcare enrollment. Send their ant to kids. Others will be looking for work themselves. So trying to help get the the space to match, there will be some childcare expenses of distancing and other to be done, but you cant get back to work if you cant get back to child care families. And if youre a working parent, particularly if youre a work your biggest single problem is being sure situation hildcare works. In ut twice as much money our bill as the house did in the be talking nd well moving forward from that point. In our bill illion to further advance therapeutics. Vaccines. Moving forward to things we think will likely to work, all work but ont also knowing the once that do work will be available maybe 15 instead of may 15, having his environment, a vaccine on january 15 as opposed to may 15 is worth dollars, and were willing to take a chance of losing some money to be sure those vaccines that do work earlier. Here weve got senator collins, a big we have n being sure money for the opioid abuse occurred, as people found themselves isolated at home and maybe out of work with another the mental e and health issues. Weve got about 5 billion on that side of the ledger that not be there in a normal year, and there are some hospitals and providers, them, r 25 billion for with a real vigorous discussion with the administration, that they need to spend all the provider money they currently have. About 65 which is billion. Add that 25 billion to it, and see how close the providers are to where they would be in a year. We ask hospitals and doctors, providers generally do the two you can do. Gs stop your income and stand ready Health Emergency that you can imagine that your hospital or practice would ever that just l with and doesnt work out very well. 25 billion there. Karen rubio. What is this about . Kidding. Rubio. Hink senator let me say what youre hearing now, as the ppp money out they are beginning to look at new layoffs, which i think is evidence of the fact helpful, but at the same time, its also evidence seeing resurgences in different parts of the country, plus restrictions on many businesses, its hard to survive under. Of course, the Consumer Behavior of the by news pandemic. Its very timely. In addition to ppp, which is now more targeted at businesses under 300, with some of the same with businesses something weve seen play out. That is, that businesses, underserved and had little said 95 cash on hand. In s part of this plan addition to ppp there is a loan income at low neighborhoods, census tracts either in an Opportunity Zone or tax credit area, where loan businesses can get a 1 , two times their annual revenue and these are companies that would therwise not have access to that capital and be allowed to grow. We dont want to see an unequal it was so for us important to target that. But i think this assistance will Small Businesses across the country, many continuing to struggle, many of benefitted from ppp and now are staring over the cliff again nd worried about what the future will hold, and i remind everybody once again this is not a bailout. About keeping people attached to their employment and these are about Viable Companies because of ggling government regulations, necessary government impacting , that are their ability not just to do usiness but to stay in business. Senator scott . April, aboutonth of one out of every four americans worked in eir jobs the restaurant business. To of the provisions is increase the deduction for business meals from 50 to a hundred percent that. Will encourage more folks to spend more money in restaurants, in, her thats takeout, eat in a limited space in some states. This will provide millions of the rs that will increase number of hours worked by staff and the number of hours worked y those folks working in the kitchen. Were looking for a way to help in hardest hit individuals this nation, one of the best ectors to focus on is the the urant sector, and visions im talking about the im talking about will assist. We would like to draw attention to actually two of the consequences of the covid crisis and deserve that attention, perhaps dont have as much Public Awareness as i think they ought to. One is, as a result of the covid risis, were seeing the trust funds for medicare and social ecurity approach insolvency on a much more rapid timetable than we anticipated. A secondly, were adding up lot of debt. Ere going to have over 27 trillion of debt, and that debt requires interest to be paid every year. Debt has the potential of creating more inflation down the course, it could otentially lead to an calamity. Republicans and democrats have together, including joe machin, agnus king, doug jones, mark warner, along with about a dozen republican senators, weve all been working to see if we cant address this. There are somee, 30 democrats and 30 republicans that have all written house this ship and said, approach of the trust act needs to be included in the mexico relief package in the heros act, if you will. The approach is quite simple, create a process, a to address rocess each one of these trust funds individually, so a committee for look at how hem to to make them solvent on a long erm basis and if we reach a bipartisan conclusion, then that an come to the floor on an expedited basis. We have to address the solvency trust funds. They are vital to our seniors and to our entire nation. To finally deal with the amount of debt that rescue ding up, as we appropriately the american terrible covid crisis. One here. Last questions. First [inaudible] difficult to negotiate to come out with an with the democrats. You were talking about 40,000 in this payment legislation sohe what else are you going to ome to an agreement republicans, and also why is ding for the f. B. I. [inaudible] is, is not sure that it it . Limitation [inaudible] look, i think this is a starting place. A lotn see that weve had of our members involved in the start. Cant pass a bill in the Senate Without democrats nor house. Sly can it pass the so every bill has to start somewhere. The republicans are a majority senate. This is a starting place, and well get yall will have stories to cover along the way as we have these discusses back and forth across and with the administration. Two questions [inaudible] ppp did not discuss the airline i dont have an answer to the second one. That weve e is already appropriated an awful lot of money for assistance. Going to do is federalize the American Election ystem, which is basically conducted in every single state very different ways. Weve provided plenty of Financial Assistance but were ot going to tell them how to conduct their elections during in pandemic, or, in my view, the future either. So thats why there is not additional money in there for assistance. I dont have the answer to your second question. Im going to take one more if there is one. 1. 75 billion for he design and construction of f. B. I. Facilities 2 billion ble that you know about . Regarding that proposal obviously we had to have an greement with the administration in order to get started. They will have to answer the insisted onwhy they that provision. Youll have to ask them why insisted that be included. Okay. Thank you schul. During the summer months reach out to your elected fficials with cspans congressional directory. It contains all the Contact Information you need to stay in of congress, bers federal agencies, and state governors. Online today at cspanstore. Org. In his run for the presidency bide Vice President joe listen deliver marks tuesday on backed better plan amid
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