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Process and wait times for receiving loans. From the house Small Business committee, this is about two hours. I want to thank everybody for joining us. I want to know important requirements. Let me begin by standing in that test by stating that house rules will continue to apply during the proceedings. All members are reminded that they are expected to adhere to these standing rules, including decorum. With that said, the technology we are utilizing today requires us to make some small thefications to ensure that members can fully participate in these proceedings. Asing the covid period, desig...

Now in april this year the Federal Reserve bank in new york reported that minority and women owned businesses are significantly more likely to show signs of limited Financial Health and more likely to be classified as at risk for distress the nonminority Small Businesses. Further companies are three times likely as Healthy Business to close because of a two month the ppps program established under the cares act and administered by the Small Business administration and treasury for distress with responded to the covid19 pandemic. Recent analysis of the color of change in the United States found...

Inadvertent background noise. Remotelyarticipating will need to unmute your microphone speak. Participating in person, please wear your mask when not speaking. Dr. Monahan extract expressed in the updated guidelines that the use of face coverings is meant to protect other people in case the wearer is unknowingly infected. When we are not speaking, each of us is playing a vital role in tech and all members and staff in attendance, as well as leaders of the covid19 response will be testifying before the committee. Due to the anticipated length of the hearing, we will take a 15 minute recess at 1...

Coronavirus affects the economy with a hearing on the loan program created to help Small Businesses during the pandemic, including failures in the application process and wait times for receiving loans. From the house Small Business committee, this is about two hours. Good morning. Order. This hearing to the chair istion, authorized to declare a recess at any time. Everyone,thank especially our witness, for joining us today for our hearing. I want to make sure to note some important requirements. Let me begin by saying that standing house and Committee Rules and practice will continue to apply...

[indistinct conversations] today, the committee is holding a hearing entitled oversight of the Trump Administrations response to the covid19 endemic pandemic. Due to the Public Health emergency, members can participate in todays hearing either in person or remotely via video, and. Theart of this hearing, microphones will be set on mute, for the purpose of eliminating inadvertent background noise. Remotelyarticipating will need to unmute your microphone speak. Participating in person, please wear your mask when not speaking. Dr. Monahan extract expressed in the updated guidelines that the use o...