Rep. Loudermilk’s Weekly Newsletter

While this program is far from perfect, numbers do matter; and, this program has undoubtedly helped save millions of businesses and jobs around the country. The state of Georgia alone has had more than 126 thousand PPP forgivable loans approved, totaling more than $14 billion. Below is a graphic that summarizes PPP’s impact on the entire country to date.

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The IRS has been encouraging people to update their banking and contact information on the “Get My Payment” section of the IRS website. Additional assistance is now available by calling the IRS at 800-919-9835.

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The heads of the U.S. Treasury Department and Federal Reserve told senators on Tuesday they’re keeping an open mind about expanding eligibility for some of the central bank’s emergency lending facilities to cover a wider range of companies and collateral.

At a remote hearing of the Senate Banking Committee, Treasury Secretary Steven Mnuchin said he’s consulting with the Fed on potentially broadening access to the corporate credit facilities that the central bank has set up to keep credit flowing to larger employers during the COVID-19 pandemic.

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“Members of Georgia’s congressional delegation are asking for federal involvement in the investigation of Ahmaud Arbery’s Feb. 23 shooting death.

In a letter sent Wednesday, elected leaders from both sides of the political aisle urged both U.S. Attorney General William Barr and Assistant Attorney General Eric Dreiband to have federal investigators assist the GBI with the investigation. The letter was signed by 14 U.S. representatives, including John Lewis, Sanford Bishop, Lucy McBath, Doug Collins and Tom Graves.”

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This week, Treasury and the IRS are starting to send nearly 4 million Economic Impact Payments (EIPs) by prepaid debit card, instead of by paper check. EIP Card recipients can make purchases, get cash from in-network ATMs, and transfer funds to their personal bank account without incurring any fees. They can also check their card balance online, by mobile app, or by phone without incurring fees. The EIP Card can be used online, at ATMs, or at any retail location where Visa is accepted. This free, prepaid card also provides consumer protections available to traditional bank account owners, including protections against fraud, loss, and other errors.

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