{"database": "press", "table": "releases", "rows": [["https://www.toomey.senate.gov/newsroom/press-releases/toomey-and-republican-colleagues-on-senate-banking-committee-applaud-mnuchin-and-powell-for-shutting-down-temporary-emergency-lending-facilities-by-year-end", "Toomey and Republican Colleagues on Senate Banking Committee Applaud Mnuchin and Powell for Shutting Down Temporary Emergency Lending Facilities by Year-End", "2020-11-25", "2020", "2020-11", "Republican", "House", "PA", "Patrick Toomey", "T000461", "www.toomey.senate.gov", null, null, "legacy", "Allentown,\r\nPa.\r\n U.S. Senator Pat Toomey (R-Pa.), Senate Banking Committee Chairman\r\nMike Crapo (R-Idaho), and the Republican members of the Senate Banking\r\nCommittee are applauding Treasury Secretary Steven Mnuchin and Federal Reserve\r\nChairman Jerome Powell for shutting down the CARES Act's temporary emergency\r\nlending facilities by year-end, as Congress intended and the law requires. In\r\na letter to Secretary Mnuchin and Chairman Powell, the lawmakers said: As\r\nmembers of the Senate Banking Committee, we write to you regarding the\r\ntemporary emergency lending facilities funded and authorized by the CARES Act\r\n(P.L. 116-136). These facilities, which were established in response to the\r\nunprecedented market turmoil caused by the COVID-19 pandemic earlier this year,\r\nhave been extremely successful in achieving their intended purpose of\r\nstabilizing credit markets so businesses, states, and municipalities could\r\naccess private capital. Congress's intent was clear: these facilities were to\r\nbe temporary, to provide liquidity, and to cease operations no later than the\r\nend of 2020. With liquidity restored, we strongly support Treasury Secretary\r\nMnuchin's decision to close these facilities by year-end, as Congress intended\r\nand the law requires, and the Federal Reserve's decision to return unused CARES\r\nAct funds to Treasury.  With\r\nthe CARES Act, Congress demonstrated a willingness to act swiftly to address\r\nthe financial fallout from the pandemic. If a critical need arises again in the\r\nfuture for these facilities, Congress can once again take action to revive\r\nthem. In\r\naddition to Senator Toomey and Chairman Crapo, the letter was also signed by\r\nevery other Republican member of the Senate Banking Committee: Senators Tom\r\nCotton (R-Ark.), Kevin Cramer (R-N.D.), Martha McSally (R-Ariz.), Jerry Moran\r\n(R-Kan.), David Perdue (R-Ga.), Mike Rounds (R-S.D.), Ben Sasse (R-Neb.), Tim\r\nScott (R-S.C.), Richard Shelby (R-Ala.), and Thom Tillis (R-N.C.). You may read the letter here.", 1, "2026-03-30T12:14:52Z", "2026-03-30T12:14:52Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://www.toomey.senate.gov/newsroom/press-releases/toomey-and-republican-colleagues-on-senate-banking-committee-applaud-mnuchin-and-powell-for-shutting-down-temporary-emergency-lending-facilities-by-year-end"], "units": {}, "query_ms": 1.6944999806582928, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}