On Senate Floor, Shaheen Calls For Greater Transparency of Small Business Lending Programs

Today on the Senate floor, U.S. Senator Jeanne Shaheen (D-NH) called for greater transparency and oversight of the Trump administration’s implementation of the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) grant program, the small business assistance programs established in the Coronavirus Aid, Relief and Economic Security (CARES) Act. In addition to remarks she delivered, Shaheen, a senior member of the Senate Small Business and Entrepreneurship Committee who helped led bipartisan negotiations on these measures to support small businesses, unveiled new legislation with Senators Chuck Schumer (D-NY) and Ben Cardin (D-MD) that would provide this additional, much-needed transparency and oversight. The Senators sought to pass this legislation through the Senate through unanimous consent, but were blocked by Senate Republicans.