Treasury Requests Cessation of Several Fed Emergency Lending Programs and Return of Unused Funds; Senate Republicans Want Funds Repurposed for Pandemic Relief

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The Roundtable, Public Policies, and The Economy

Sept. 9 Roundtable Testimony -- Roundtable President & CEO Jeffrey DeBoer testified remotely before the Senate Banking , Housing and Urban Affairs Committee on improvements to the Fed's Main Street Lending Program and provided other, non-MSLP, policy recommendations about critical assistance for renter households, business tenants, and the U.S. workforce during the COVID economic crisis...

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November 20, 2020 Treasury Requests Cessation of Several Fed Emergency Lending Programs and Return of Unused Funds; Senate Republicans Want Funds Repurposed for Pandemic Relief Treasury Secretary Steven Mnuchin sent a letter to Federal Reserve Chairman Jay Powell yesterday requesting that five emergency lending facilities, including the Main Street Lending Program (MSLP), should not be extended past their scheduled expiration on December 31, 2020. Mnuchin also requested the Fed to return unused Treasury loan funds from the programs for Congress to re-appropriate. Read Full Article