Marco Rubio

Marco Rubio @marcorubio

Sixth issue is that E-Tran, the @SBAgov internal system for loan applications has been slow due to the volume of applications Friday. SBA has contracted with Amazon Web Services to ensure E-Tran system issues are resolved moving forward. 10/13 — PolitiTweet.org

Marco Rubio @marcorubio

Fifth issue is that In calculating avg monthly payroll to determine #Ppploans amount we need @SBAgov to make clear our intent when writing the bill that gross payroll would be applied to calculation to ensure federal tax withholding & FICA burden isn’t on #smallbusiness 9/13 — PolitiTweet.org

Marco Rubio @marcorubio

Fourth issue is that the @SBAgov interim final rule has contradicting guidance determining whether #SmallBusiness owners should include independent contractors 1099’s in payroll cost calculation. 8/13 — PolitiTweet.org

Marco Rubio @marcorubio

Third issue is that in order for lenders to confidently participate they need further clarity on: - @SBAgov affiliation rules for #SmallBusiness & 501(c)(3) - Inconsistency on general eligiblity requirements for #Ppploans I expect that very early next week as well. 7/13 — PolitiTweet.org

Marco Rubio @marcorubio

Second issue is that because of requirement in @SBAgov interim final rule that lenders hold loans for 7 weeks before they can be purchased,we will need a purchase mechanism through @USTreasury or @federalreserve ASAP in order for community banks & FinTech to make #Ppploans 6/13 — PolitiTweet.org

Marco Rubio @marcorubio

The good news is multiple FinTechs including @PayPal & other online lenders are ready,able & willing to process #PPPloans for them & anyone else.But they need @USTreasury to release application for nonbank lenders to become certified. I expect that very early next week. 5/13 — PolitiTweet.org

Marco Rubio @marcorubio

First issue is that for now most banks only providing #PPPloans to existing clients because the @SBAgov interim final rule only exempts money- laundering requirements for existing customers. But that makes it difficult for #SmallBusiness if they are denied by their bank. 4/13 — PolitiTweet.org

Marco Rubio @marcorubio

On Friday we had various & extensive conversations with @SBAgov & @USTreasury about the issues that emerged on day one of #PPPloans. I expect that early next week they will be releasing additional guidance that should provide clarity & help resolve many of these issues 3/13 — PolitiTweet.org

Marco Rubio @marcorubio

Day one saw complications you would expect with unprecedented $349 BILLION emergency plan passed just 7 days ago Despite this as of 6:06 pm Friday 13,669 #SmallBusiness owners received #Ppploans valued at more than $4.3B However a number of outstanding issues to address 2/13 — PolitiTweet.org

Marco Rubio @marcorubio

ATTENTION Lenders, #SmallBusiness & media interested in #Ppploans. The following 13 part thread outlines many of the impediments we saw on day one of the program & how they can/will be fixed. I apologize for the length of the thread but important details below. 1/13 — PolitiTweet.org

Marco Rubio @marcorubio

Great job by @SenatorTimScott @SenatorLankford & many others making sure the law we passed was implemented in a way that reflects the clear intent of those who wrote it! — PolitiTweet.org

Marco Rubio @marcorubio

Cast away from you all the crimes you have committed, and make for yourselves a new heart and a new spirit. Ezekiel 18:31 — PolitiTweet.org

Marco Rubio @marcorubio

#PPP is underway. The first few days will be bumpy & seem chaotic because this is new,big & in high demand. But the goal is to see improvement every day. We MUST make it work. https://t.co/hbgDpBDSIh — PolitiTweet.org

Marco Rubio @marcorubio

#SmallBusiness owners can use this tool below to find a nearby lender eligible to issue an award to you under #PPP https://t.co/w6lfW9KEcl — PolitiTweet.org

Marco Rubio @marcorubio

Some perspective on a massive & unprecedented emergency program that passed a week ago today: -original ⁦@SBAgov⁩ guidelines to lenders Wednesday did NOT reflect legislative intent to make process simple -guidelines updated & released last night https://t.co/smeKhxSRh4 — PolitiTweet.org

Marco Rubio @marcorubio

The requirement that a #SmallBusiness not just have a business account but also a loan or credit card is NOT in the law we wrote & passed or in the regulations. This is a @BankofAmerica requirement not a govt one. They should drop it. This money is 100% guaranteed by fed govt. https://t.co/cG2i9eqi7k — PolitiTweet.org

Marco Rubio @marcorubio

#PPP unprecedented & massive emergency plan that passed just 7 days ago. Some early hiccups to be expected New & simplified guidance to lenders issued last night As of noon today community banks have awarded over $1billion to #SmallBusiness Most big banks still ramping up — PolitiTweet.org

Marco Rubio @marcorubio

.@BankofAmerica got bailed out with $45 billion of your tax money But now just heard from #smallbusiness with a BOA account & a 400k line of credit they paid off BOA denied #PPP loan because they don’t have a credit account A ridiculous requirement that isn’t anywhere in law — PolitiTweet.org

Marco Rubio @marcorubio

Hearing reports that some big banks are creating unnecessary restrictions on #SmallBusiness applying for #PPPloan https://t.co/UhllrZhYpy — PolitiTweet.org

Marco Rubio @marcorubio

A reminder for those who continue to parrot the #China Communist Party propaganda. https://t.co/LcZduhrLgG — PolitiTweet.org

Marco Rubio @marcorubio

Initial guidance to banks on #Ppploans was too complicated & not intent of bill New guidance last night made it much simpler Community banks were first ones out of the gate this morning According to ⁦@USTreasury⁩ already close to 1000 awards made https://t.co/ostDW5rJhJ — PolitiTweet.org

Marco Rubio @marcorubio

RT @SenateGOP: 🚨 ATTENTION 🚨 Today is the FIRST DAY small businesses can apply for cash flow assistance under the Paycheck Protection Prog… — PolitiTweet.org

Marco Rubio @marcorubio

#smallbusiness in need of assistance via the #PPPloan to make payroll, here is the simple application: https://t.co/KoZYxDoBHI — PolitiTweet.org

Marco Rubio @marcorubio

Lenders interested in participating in #PPPloan see final & simplified guidance here: https://t.co/81X1BuA2XB — PolitiTweet.org

Marco Rubio @marcorubio

The Eagle Has Landed! #PPPloan for #smallbusiness is live! #WeWillWin https://t.co/0yQgsxS2Pg — PolitiTweet.org

Marco Rubio @marcorubio

This can still change. But potentially positive news for a change. The pace of new #COVID19 cases as a % of population since first 100 cases confirmed is slower in the U.S. than it was in Italy or Spain. Do your part Keep it going #WeWillWin https://t.co/JaUrZhiNUB — PolitiTweet.org

Marco Rubio @marcorubio

You know those paid advertisements made to look like news articles on news sites? Just found an interesting one on @politico from the company we banned from our system because they collect our data for #China https://t.co/Uny4tOYQ8Z — PolitiTweet.org

Marco Rubio @marcorubio

The U.S. & intl response to #coronavirus hasn’t been perfect. But this pandemic spread faster & reached more places sooner because the Communist Party of #China has & continues to cover up important information. It’s not the Chinese people’s fault. It’s the government. https://t.co/fKcoBOgAWB — PolitiTweet.org

Marco Rubio @marcorubio

Seeing many reports about bankers concerns with regulations announced on #PaycheckProtectionProgram. All the issues raised regarding certification requirements etc. are being addressed right now by @USTreasury. Will be very simple. Updated procedures should be available soon. — PolitiTweet.org

Marco Rubio @marcorubio

RT @esaagar: The Paycheck Protection Program pushed by Marco Rubio was one of the best parts of the last stimulus and we need more funding… — PolitiTweet.org