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ph fedaction financial regulatory updates

Daily Financial Regulation Update -- Wednesday, December 9, 2020

December 09, 2020

By FedACTion Task Force

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Congress

to view the full text of the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), Enacted March 27, 2020.

to view the full text of the Paycheck Protection Program Increase Act of 2020, Enacted April 24, 2020.

to view the full text of the Paycheck Protection Program Flexibility Act of 2020, Enacted June 5, 2020.

from the Senate Committee on Banking, Housing, and Urban Affairs, Senate Committee on Small Business and Entrepreneurship, House Committee on Financial Services, and House Committee on Small Business.

U.S. Senate

Committee on Small Business and Entrepreneurship

Senator Rubio to Chair Hearing on the Paycheck Protection Program and Its Future

December 8, 2020

On December 10, 2020, U.S. Senator Marco Rubio (R-FL), Chairman of the Senate Committee on Small Business and Entrepreneurship, will convene a hearing titled, “Small Business in Crisis: The 2020 Paycheck Protection Program and its Future.”

Federal Agencies

Department of Housing and Urban Development/Federal Housing Administration

OIG Semiannual Report to Congress for the Period Ending September 30, 2020

December 7, 2020

The Office of the Inspector General of the U.S. Department of Housing and Urban Development (HUD) has released the Semiannual Report to Congress for the period of April 1, 2020 to September 30, 2020. The report highlights HUD’s response to the COVID-19 pandemic.