Sens. Schatz, Whitehouse to Fed: Loans Should Help Small Businesses, Not Bail Out Oil Companies
May 12, 2020
May 12, 2020
WASHINGTON, May 12 -- Sen. Brian Schatz, D-Hawaii, issued the following news release:
U.S. Senators Brian Schatz (D-Hawaii) and Sheldon Whitehouse (D-R.I.) called for the Federal Reserve ("Fed") to reconsider its recent changes to the Main Street Lending Program, which will give oil and gas producers access to loans meant for small businesses suffering from the economic effects of the coronavirus. The senators urged Fed Chair Jerome H. Powell to ensure the future stability . . .
U.S. Senators Brian Schatz (D-Hawaii) and Sheldon Whitehouse (D-R.I.) called for the Federal Reserve ("Fed") to reconsider its recent changes to the Main Street Lending Program, which will give oil and gas producers access to loans meant for small businesses suffering from the economic effects of the coronavirus. The senators urged Fed Chair Jerome H. Powell to ensure the future stability . . .