Chuck Schumer, Elizabeth Warren and other Dems are calling on government watchdogs to investigate the $670 billion small business rescue program that Congress replenished with funding this week, amid concerns that large companies got too much of the money
"We supported the program and the extension of funds because small businesses are facing dire needs," Warren and Rep. Nydia Velázquez said in ato the SBA and Treasury inspectors general. "But now that the program has been replenished, Congress and the Administration have a responsibility to ensure that these funds are helping the businesses they are designed to help, and that they are being distributed consistent with the law and without waste, fraud and abuse.
"During this national emergency, all banks should open their doors to all small businesses in this time of need," Schumer , the Senate minority leader, said in aRestaurant group J. Alexander's Holdings on Friday was the latest big company tothat it was returning loans from the Paycheck Protection Program. It had been approved for $15 million in loans across two subsidiaries.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'I'll miss you dearly': Sen. Warren announces her oldest brother died from coronavirus'It’s hard to know that there was no family to hold his hand or to say 'I love you' one more time,' Elizabeth Warren said after her brother's death.
Read more »
Elizabeth Warren Announces Brother's Death From Coronavirus: 'I'll Miss You Dearly'Don Reed, 86, was Warren's eldest brother. The Massachusetts senator has been a leading critic of the Trump administration's response to the pandemic.
Read more »
'I'll miss you dearly': Sen. Warren announces her oldest brother died from coronavirus'It’s hard to know that there was no family to hold his hand or to say 'I love you' one more time,' Elizabeth Warren said after her brother's death.
Read more »
Sen. Elizabeth Warren tweets that her oldest brother died from COVID-19 complicationsBREAKING: Sen. Elizabeth Warren tweets that her oldest brother, Don Reed, died from COVID-19 complications.
Read more »