Policymakers ask Congress for more PPP funding, ACG urges lawmakers to expand relief restrictions, and the FDIC is worried about financial crisis preparedness.
The House asks to restrict aid to companies with private capital backing, the SEC provides relief for small and midsize businesses, and a deadline for Volcker Rule comments is extended.
Large portions of the stimulus package are devoted to helping small and midsize companies, the HFSC sent a letter to the Treasury, and the SEC resumes committee meetings.
The Senate passed a $2 trillion stimulus package, the House proposed a law to oversee that federal relief, and an HFSC member tests positive for COVID-19.
The Fed slashed interest rates to zero, and the Trump administration proposed a trillion-dollar stimulus that would send direct payments to Americans for economic relief.