Senate Minority Leader Chuck Schumer, D-N.Y. and Sen. Ben Cardin, D-Md., will attempt to push through legislation on Tuesday to require public reporting on how a small business coronavirus relief program is being put into use.
The Hill, attributing the information to an unnamed senior aide, said the two senators will try to pass legislation to provide oversight on the Paycheck Protection Program and Economic Injury Disaster Loans.
The source said the bill would mandate daily and weekly reporting on the funding.
"The reporting would include the names of the businesses, nonprofits and lenders and the loan or grant amounts in a standardized and downloadable format,” the source said. “Reporting would also evaluate whether the administration’s implementation effectively reached underserved and underbanked borrowers.”
The Hill noted that Congress has passed about $660 billion for the Paycheck Protection Program.
Senate rules permit any senators to try to pass a bill by unanimous consent. However, any one senator can object.
Cardin, the top Democrat on the small business committee, Schumer and others Senate Democrats, had urged Senate Majority Leader Mitch McConnell, R-Ky., to make COVID-19 related matters and oversight of all coronavirus-related legislation the Senate’s focus.
In a late-April letter to McConnell, Democrats said: “We believe each committee in the Senate has an important oversight role to play in responding to the COVID-19 emergency.”
Jeffrey Rodack ✉
Jeffrey Rodack, who has nearly a half century in news as a senior editor and city editor for national and local publications, has covered politics for Newsmax for nearly seven years.
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