Rep. Don Beyer

@RepDonBeyer ↗

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Last Checked Nov. 22, 2020

Created

Fri Apr 03 16:07:40 +0000 2020

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Rep. Don Beyer @RepDonBeyer

Here's the problem: SBA and Treasury were still figuring out/telling people how PPP was supposed to work hours before it went online to process loans. @GerryConnolly @RepWexton & I talked to lenders who said they didn't know how the program would work. https://t.co/7Fy9h6x4G6 — PolitiTweet.org

One lender predicted tomorrow will be "one of the craziest days in the history of modern banking." Another told u… https://t.co/QFKTajaVFa

Posted April 3, 2020 Hibernated

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Rep. Don Beyer @RepDonBeyer

No @darth it was not in the legislation we passed. But it is something I have been really worried about. I got a message a little while ago from a small business owner beside herself over this exact problem, she put it bluntly: "I am going to go under if this isn't fixed." — PolitiTweet.org

ok @RepDonBeyer @SpeakerPelosi is this bank of america requirement that businesses not only need a SBA account fr… https://t.co/t2slRVjx0o

Posted April 3, 2020 Hibernated

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Rep. Don Beyer @RepDonBeyer

Banks have regulations governing the kinds of risks they can take in issuing business loans and the kinds of due diligence they have to take before underwriting loans. SBA and Treasury were all over the place in telling banks what the rules were for PPP loans into the 11th hour. — PolitiTweet.org

Posted April 3, 2020 Hibernated