McConnell: “Secretary Mnuchin’s actions yesterday concerning some of the lending facilities established by the unanimous, bipartisan CARES Act are fully aligned with the letter of the law and the intent of the Congress.”
McConnell: “There is an obvious right use for these hundreds of billions of dollars of already-allocated but unused funds."
McConnell:"Congress should repurpose this money toward the kinds of urgent, important, and targeted relief measures that Republicans have been trying to pass for months, but which Democrats have repeatedly blocked with all-or-nothing demands."
McConnell: “American workers should not lose their jobs needlessly when a second round of the job-saving Paycheck Protection Program for the hardest-hit small businesses would make a huge difference."
McConnell on COVID-19 relief:"Our medical system should not be denied additional support,including for distributing the life-saving vaccines that appear to be on the horizon.Republicans continue to support passing these kinds of urgent and targeted measures as soon as possible.”"
McCarthy: “The law gives the Secretary of the Treasury the responsibility to manage how the emergency lending funds are used, including determining when they can be put to better use now that the CARES Act programs are nearing the end of their useful legal life.”
McCarthy:”Sec Mnuchin is right the funds would be more usefully deployed as direct support to small businesses, & I’m hopeful Democrats will finally move on from their demands for trillions of dollars in unrelated spending so Congress can use this opportunity to responsibly act.”
McCarthy: “If the need arises for new extraordinary lending programs at the Fed, it’s up to Congress to authorize those programs where appropriate.”
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