Today, Congressman Patrick McHenry (NC-10), the Republican leader of the House Financial Services Committee, released the following statement on the passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act in the House of Representatives: 

"This unprecedented time in our nation’s history calls for an unprecedented response. The CARES Act, while not perfect, is the appropriate action to provide necessary resources to get Americans and our economy through this national emergency.

“My ultimate goal for this legislation is to keep Americans employed. Specifically, this bill will provide relief to our small businesses to help them keep employees on payroll and prepare those businesses to be up and running as soon as America is open for business again.

“This bill also provides Treasury Secretary Mnuchin and Fed Chairman Powell with the resources they need to address the liquidity crisis facing main street businesses that employ millions of Americans. The CARES Act allows them the flexibility to meet the needs of American businesses in the coming weeks and months.

“We know Americans can’t wait for this relief. I’m glad the CARES Act is now headed to the President’s desk for his signature and to the aid of families across our country.”