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Clock to show you how much time is remaining. All members and witnesses need to be especially mindful of the fiveminute clock. At 30 seconds remaining ill , gently tap the gavel to remind members their time has expired. To simplify the speaking order process, the commission has decided to order ourselves alphabetically. With that, welcome to this virtual hearing convened by the congressional oversight commission, pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As part of our...

Small and mediumsized businesses that were in sound Financial Condition before the virus impact of the economy we will hear from the head of the fed in boston and banking and business leaders. Will come tog order. This is a hybrid hearing meaning some of our commissioners are appearing in person and witnesses will testify remotely. Let me offer a few Video Conferencing reminders. Before you start speaking there will be a slight delay before you are displayed on the screen. Click the mute button until your turn to speak or to ask a question. If there is a technology issue, well move to the next...

Commission has decided to order ourselves alphabetically. With that welcome to this virtual hearing convened by the Congressional Oversight Commission pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As part of our oversight work, the commission has decided to hold this hearing today which will exam examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support small and immediate you yumsized business answer Nonprofit Organiza...

Using sound device and are prohibited at the meeting. Any person responsible for when going up may be asked to leave the room. These, no phone set on vibrate because my phone interference to the board respectively request they be turned off. Item for approval of minutes of the january 17 regular meeting and the february 7 special meeting so moved. Second. Any public on and on the Meeting Minutes . Seeing none, all those in favor say, aye. [chorus of ayes. ] opposed, say nay. Hearing none, that passes item 5 to medications ive known for you today item 6 introduction of new or Unfinished Busines...

Hard work on coming to consensus about what this private right of action should look like. So i just want to say a couple of programs because i dont know if it is unpress dented dented but it is rare. And i want to talk about why we decided to go this route. We are basically strengthening what was already a very strong ordinance. And by taking this step, of creating a private right of action for individuals or nonprofits, serving immigrant populations to hold the city accountable, if the city or snee act tore in the city violates these protections that we are creating, it is an extraordinary a...