Tag: u.s. senate small business entrepreneurship committee

Rubio’s office insisted that local chambers “provide valuable resources to small businesses across the country, and Destination Marketing Organizations (DMOs), which play an important role in creating a vibrant tourism industry.” U.S. Sen. Tim Scott, R-SC, is also backing the proposal.

As Chairman and Ranking Member of the U.S. Senate Committee on Small Business and Entrepreneurship, and as two of the principal authors of the small business provisions in the CARES Act, we are writing to express our views on a number of implementation and oversight concerns with the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) and Emergency Grant programs.

Rubio talked with Michael Strain from the American Enterprise Institute (AEI) on a number of topics, including the role of federalism in reopening the economy.

The CARES Act required that a borrower must certify in good faith that they have been harmed by the coronavirus pandemic and do not have access to other liquidity. SBA has issued guidance that businesses who cannot certify in good faith must return their PPP loan by May 14, 2020.

Rubio urged Jovita Carranza, the administrator of the U.S. Small Business Administration (SBA), to provide information on the SBA’s Office of Disaster Assistance (ODA) preparedness to respond to potential natural disasters that could arise in the upcoming months in advance of the 2020 Atlantic hurricane season beginning on June 1.

At the end of last week, Rubio sent a letter to Brian Benczkowski, the U.S. assistant attorney general who oversees the Criminal Division at the U.S. Department of Justice (DOJ), requesting a staff briefing on the agency’s efforts to investigate fraud within the Paycheck Protection Program (PPP).

Rubio, the chairman of the U.S. Senate Small Business and Entrepreneurship Committee,  appeared with Maria Bartiromo on Fox Business to talk about the second round of funds in the Paycheck Protection Program (PPP) for small businesses.

rom his post as chairman of the U.S. Senate Small Business and Entrepreneurship Committee, U.S. Sen. Marco Rubio, R-Fla., urged Jovita Carranza, the administrator of the U.S. Small Business Administration (SBA), and U.S. Treasury Sec. Steven Mnuchin to provide immediate guidance and expedite approvals to ensure Community Development Financial Institutions (CDFI) .

Last week, U.S. Sen. Marco Rubio sent a letter to a number of large banking institutions who participate in the Paycheck Protection Program requesting information on their application process amid recent reports certain large banks prioritized borrower applications, which is a violation of congressional intent of the program.

On Monday, U.S. Sen. Marco Rubio, R-Fla., urged the Trump administration to move quickly on implementing the “Keeping American Workers Paid and Employed Act” which was part of the $2.2 trillion federal stimulus approved by Congress last week to help the economy weather the coronavirus crisis.

On Wednesday, the U.S. Senate passed a $2 trillion federal stimulus package to support the economy which has been hit hard by the coronavirus.