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To: tennmountainman

Kind of sounds like they are changing the story?...it wasn’t supposedly only about calling for the roll call?


104 posted on 03/29/2020 6:57:08 AM PDT by Leep (Everyday is Trump Day!)
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To: Leep

With the veracity of the news being what it is, who knows. In anything you read there is the possibility of cherry picked quote and spin. That’s why I went to look up where Massey had stood on votes, something concrete, before taking a position.

The bill could have been better but most of the $ are loans.
Under the small business rescue plan, of the $377 billion loan program:

$350 billion will be for loan forgiveness grants to small businesses and non-profits to maintain existing workforce and help pay for other expenses like rent, mortgage, and utilities;
$10 billion will be for the Small Business Administration (SBA) emergency grants of up to $10,000 to provide immediate relief for small business operating costs; and
$17 billion will be for SBA to cover 6 months of payments for small businesses with existing SBA loans.

The $500 billion lending fund for distressed businesses will be provided through the Treasury Department’s Exchange Stabilization Fund, which the Federal Reserve can then leverage to inject approximately $4 trillion back into the marketplace in secured loans. Specifically, $454 billion of the total will be used for loans and guarantees to support credit facilities that will be established by the Federal Reserve. Once the coronavirus pandemic has passed, the loans must be paid back – there will be no loan forgiveness. An independent Inspector General and Congressional Oversight Panel will be established to oversee Treasury loans and investments.

TRANSPORTATION
Within the $500 billion to Treasury’s Exchange Stabilization Fund for loans, loan guarantees, and other investments, direct loans will be made available to several transportation sectors, including:

$25 billion for passenger air carriers and other eligible businesses
$4 billion for cargo air carriers; and
$17 billion for businesses important to maintaining national security.

The issue of over payment of salary was addressed by Lindsay Graham, Ben Sasse, Rick Scott, and Tim Scott who have agreed to drop procedural objections and let the bill move on a fast track in exchange for a vote on an amendment to the package to cap beefed-up unemployment benefits at 100 percent of workers’ salaries. Their amendment failed, setting the stage for final passage of the mammoth coronavirus stimulus package later Wednesday evening.


105 posted on 03/29/2020 7:16:20 AM PDT by JayGalt (You can't teach a donkey how to tap dance. Nemo me impune lacessit!)
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