Chairwoman Maloney Issues Floor Statement in Support of Interim Emergency Coronavirus Relief Package

Apr 23, 2020
Press Release

Washington, D.C. (Apr. 23, 2020)—Today, Rep. Carolyn B. Maloney, the Chairwoman of the Committee on Oversight and Reform, delivered the following statement, as prepared for delivery, on the House Floor in support of H.R. 266: Paycheck Protection Program and Health Care Enhancement Act:

Watch Chairwoman Maloney’s floor statement.

Floor Statement of Chairwoman Carolyn B. Maloney
Committee on Oversight and Reform|
H.R. 266: Paycheck Protection Program and Health Care Enhancement Act
(As Prepared for Delivery)
April 23, 2020

I support this bill, which provides an additional $310 billion for PPP loans, and while this is desperately needed, it almost certainly won’t be enough.

I’m glad that $60 billion is being set aside for community banks, credit unions, minority banks, and CDFIs, and as the Chairwoman of the Oversight Committee, I promise that I will watch this $60 billion like a hawk to make sure that it goes to the lenders — and the communities — that we intended.

But I also want to mention another key priority — the Postal Service.

Without immediate action, the Postal Service could cease to exist by the end of September.

We must act to save the Postal Service very soon.

I yield back.

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Issues: 
116th Congress