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Sen. Toomey: No Guarantee of Second Checks in Stimulus Bill

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The stimulus bill under consideration this week before the Senate codifies only one payment to Americans to help with the economic distress caused by closures in the fight against the coronavirus pandemic, but a “tremendous amount” of resources will be made available for companies to keep their workforce employed, Sen. Pat Toomey said Sunday.

“We’re hoping this is a relatively brief period,” the Pennsylvania Republican said on NBC News’ “Meet the Press.” “We want those folks to still be associated with their company so they’re called back to work rather than feel like they’ve lost that tie.”

There are also “generous, significant” unemployment benefits included on the bill, said Toomey.

But lawmakers will re-evaluate the situation after some time has passed, and if it’s believed there will be another round of checks, then more may arrive.

“It’s not the most efficient way to do this,” said Toomey. “We’re sending checks out to a lot of people who will still be salaried people, who still have their income. But it was seen as the fastest way to get money in people’s hands.”

Meanwhile, the bill does not include industry bailouts or “free money,” said Toomey.

“There is a category of funds that’ll be available to the Treasury secretary for direct lending,” he said. “That is going to be for really seriously distressed and absolutely essential companies. That’s going to be a short list, and it’s going to be about, really about American national security.”

The majority, though, will be a “broad-based credit facility that will be available across categories, across sectors and industries” and it will have to be repaid, said Toomey.

“This is all going to be liquidity that is provided to fundamentally solvent companies to get them through this time,” Toomey said.

via newsmax

12 Comments

  1. DONNA MARIE KELLEY March 23, 2020

    I will believe it when i see it. I’m sure pelosi and schumer, waters will get their dirty hands on most of it.

    Reply
  2. Doris Frazier March 23, 2020

    Apparently there was a pretty good negotiations between parties till Pelosi showed her EVIL face yesterday. She is by far the most evil power hungry person who want to delay everything for Americans, incorporate things into bill that has NOTHING to do with the aid to workers and people during this crisis. She is so against America it is pathetic. I don’t believe her arrogance when things need to be taken care of NOW not when she dam well feels like it. I cannot believe we are paying her and others what they are getting to do absolutely NOTHING for the American people. Bend over and kiss A$$ for illegals but won’t do what is right for the American people during this crisis She absolutely makes me sick and I hope voters remember all this BS the Democrats have pulled over the last 3+ years. It is disgusting, pathetic and putting us in danger in so many ways. STOP the crap and do what your paid for for once.

    Reply
    1. Merry Robinson March 23, 2020

      Couldn’t have said it better….thank you Doris🤗

      Reply
    2. JF March 23, 2020

      The democratic party have lost all credibility because of their constant lies. Americans are the adults here despite the hardships they are going through. Time for these polititions to grow up and help America or has their love of Communism taken over and it’s too late to depend on them.

      Reply
    3. Lynn G. March 23, 2020

      Time is getting short for those who are selfish, power-hungry and greedy . Our time on this earth is but a moment. How we choose to live our lives here will determine how we spend eternity which is a very very long time. If we don’t see in what direction we are headed and turn ourselves around, eternity will be a very very painful time.

      Reply
    4. Sonja Green March 24, 2020

      L agree 100%. Send the witch away!

      Reply
  3. Honest March 23, 2020

    I Agree Wholehearted With You Doris ~

    Reply
  4. Justsaying March 23, 2020

    I too will believe it when I see it.Exacy who does Toomy and the rest of the Culls in Congress think are essential industrys..First if the money given to smaal businees for payroll it would transfer to a grant.Now any money would have to be paid back.In a nutshell we are being played People.

    Reply
  5. Courtney Thomas March 23, 2020

    The illegals need to be kicked out of the United States because the damnocrates still want their popular vote so they can win the White House. Well all the democrates needed to be kicked out along with the illegals and that asshole disaster jb of Illinois he needs to be kicked out of the Illinois office too the illegal aliens needs to be send back where the hell they came from and they can take back whatever the hell they brought with them. All the republicans needs to be voted in so this country can be safe and peaceful again

    Reply
  6. Courtney Thomas March 23, 2020

    I also think this whole money thing is a scam democrates will do anything to get their hands on people’s money because they can’t get their government check .The democrates needs get lazy asses and get a job like everyone does. I know what president trump is doing is right but this money package it just sounds like a scam

    Reply
  7. PETER TENORE March 23, 2020

    I THINK PELOSI WILL BE GONE SOON….THAT IS WHY SHE IS SO SET ON GETTING RID OF OUR PRESIDENT !!
    SHE AND HER WHOLE FAMILY ARE TRAITORS … AND STEALING MONEY LEFT AND RIGHT…. TAKING MILLIONS OF DOLLARS FROM ALL THE EVIL PEOPLE IN THIS WORLD !! I PREFER TO SEE HER EXECUTED FOR HER HIGH TREASON…AND CRIMES AGAINST HUMANITY !!

    Reply
    1. Shirley March 23, 2020

      You must be a RUSSIAN!

      Reply

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