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Washington, D.C. – Speaker Nancy Pelosi issued this statement calling on Veritas Investments, one of San Francisco's largest corporate landlords, controlling more than $3 billion in assets, to return its $3.6 million Paycheck Protection Program (PPP) loan:
"The Paycheck Protection Program is designed to be a lifeline to help vulnerable small businesses retain their workers and pay other expenses during the devastation of the coronavirus crisis. PPP loans should be directed first and foremost to the small businesses with the greatest need, particularly minority, women and veteran-owned businesses that are struggling.
Washington, D.C. – Speaker Nancy Pelosi released this statement after the weekly initial unemployment claims report showed that nearly 3 million more Americans filed for unemployment last week, bringing the eight-week total to nearly 36 million Americans:
"The coronavirus didn't pause for the 3 million more Americans who lost their jobs last week and desperately need more aid. It isn't pausing for the thousands of Americans who are being infected and dying each week because we still do not have the testing and contact tracing we need.