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 WEEKLY ROUNDUP
COVID-19 Edition
May 3, 2020

        

Waters, Maloney, Velázquez and Foster Named to Bipartisan House Select Committee on the Coronavirus Crisis

On Wednesday, Speaker Nancy Pelosi appointed Members to serve on the bipartisan House Select Committee on the Coronavirus Crisis, which will provide oversight of the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act.

The Committee Members are:

  • Majority Whip Jim Clyburn (Committee Chair)
  • Chairwoman Maxine Waters, House Financial Services Committee
  • Chairwoman Carolyn Maloney, House Oversight and Reform Committee
  • Chairwoman Nydia Velázquez, House Small Business Committee
  • Chairman Bill Foster, Subcommittee on Investigations and Oversight of Science, Space, and Technology Committee
  • Chairman Jamie Raskin, Subcommittee on Civil Rights and Civil Liberties of Oversight and Reform Committee
  • Chairman Andy Kim, Subcommittee on Economic Growth, Tax, and Capital Access of Small Business Committee

See full details on the announcement here..


Tweet of the Week


Chairwoman’s Corner

Waters Calls for Administration to Put Small Business Owners Over Predatory Payday Lenders

On Friday, Chairwoman Waters sent a letter to Treasury Secretary Steven Mnuchin and Small Business Administrator Jovita Carranza, calling attention to the irreparable harm predatory payday lenders have caused America’s consumers and urging Administration officials to deny them access to Paycheck Protection Program (PPP) loans.

See full text of the letter here.

 




Member Spotlight

Congresswoman Rashida Tlaib (D-MI)

Committee Democrats At Work: Rep. Tlaib Leads Legislative Effort to Support State, Territory, and Local Governments During COVID-19 Crisis

 “Our local government and municipalities are always the first to respond in a time of crisis, as they are the closest to touching the lives of all our residents, and are on the front lines when it comes to providing services. Time and time again, the Federal Reserve has bailed out banks and corporations. It’s time to put residents first and ensure our communities have the resources they need to combat COVID-19 so they may stand on a solid economic foundation once this pandemic is over….”

– Rep. Tlaib on her recently introduced bill to clarify the Federal Reserve’s authority and require it to purchase municipal debt securities to support state, territory and local government financing during the pandemic.

See the Congresswoman’s full statement here.

Sent from the Committee on Financial Services

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