Senate Minority Leader Charles Schumer
Charles (Chuck) Ellis SchumerSchumer: Fauci may testify before Senate next week Major hotel group to return millions in PPP funding Pelosi and Schumer call for economic relief for citizens married to foreign nationals MORE (D-N.Y.) and Sen. Ben Cardin
Benjamin (Ben) Louis CardinSenate Democrats call for USAID to join coronavirus task force Infrastructure investments have never been so good Federal job protection plan needs mid-course correction MORE (D-Md.), the top Democrat on the small business committee, will try to pass legislation on Tuesday to require public reporting on how a key small business aid program is being dispersed.
A senior Democratic aide told The Hill that the two Democratic senators will try to pass legislation "that would provide new transparency and oversight of the PPP, EIDL, and debt relief programs," referring to the Paycheck Protection Program and Economic Injury Disaster Loans.
The bill, according to the aide, would require daily and weekly reporting on the funding under the small business programs including details on geography, demographics and type of industry.
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"The reporting would include the names of the businesses, nonprofits and lenders and the loan or grant amounts in a standardized and downloadable format. Reporting would also evaluate whether the Administration’s implementation effectively reached underserved and underbanked borrowers," the aide added.
Under Senate rules any senator can try to pass a bill by unanimous consent or a voice vote, but any one senator can object.
Congress has passed roughly $660 billion for the Paycheck Protection Program, which provides loans to companies with fewer than 500 employees. The last measure approved by Congress included $60 billion for emergency disaster loans and grants.
The PPP program has sparked some frustration amid several reports that large companies, including chain restaurants, have been able to qualify for loans. Several of those companies have returned money to the program.
The push to pass the oversight legislation comes a day after the Senate returned to Washington, D.C., despite the coronavirus crisis.
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Democrats have fumed over Senate Majority Leader Mitch McConnell
Addison (Mitch) Mitchell McConnellSchumer: Fauci may testify before Senate next week The next big battle on Capitol Hill concerns aid to states and localities GOP senator lifts two-year hold on Trump's nominee for counterintelligence chief MORE's (R-Ky.) decision to bring lawmakers back to Washington without scheduling any coronavirus-related legislation on the Senate floor, where senators are expected to vote on a series of nominations.
"If we are going to be here — if we are going to make these fine people come into work in these conditions — let the Senate at least conduct the nation’s business and focus like a laser on COVID-19. At the moment, the Republican leader has scheduled no significant COVID-related business for the floor of the Senate," Schumer said from the Senate floor on Monday.
The Senate Banking Committee is scheduled to hold a hearing on Tuesday on Brian Miller's nomination to be a special inspector general for pandemic recovery.
The Senate Health, Education, Labor and Pensions (HELP) Committee is also expected to hold a hearing this week on coronavirus testing.
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May 05, 2020 at 07:53PM
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