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This past Saturday, and again on Monday, the American people witnessed what can only be referred to as a drive-by political smear campaign against President Trump and Postmaster General DeJoy. Though the Democrats refuse to acknowledge the concerns of Republicans, or even work alongside us to improve the operation of the USPS, they decided that proceeding with a partisan messaging bill was a more appropriate course of action. What’s more, they held a committee hearing on the USPS after holding vote in a brazen attempt to undermine operating procedure in the House of Representatives. I spoke about this on Monday, and I’ll repeat my words again: the actions from Democrats are below the dignity of this institution, and they continue to disregard the solemn duties of the offices they hold.
The simple truth is that there is no immediate crisis for the USPS. Democrats are using a manufactured crisis to create fear and advance their agenda. Currently, the USPS has $14 billion cash on hand which is enough to sustain operations until August 2021. This comes on top of the fact that the USPS has not even touched the $10 billion loan that Congress extended to it in the recently passed CARES Act. The USPS has many long-term problems, but there is no short-term crisis. If Democrats were serious about ensuring the longevity of the Postal Service, the House would finally vote on bipartisan measures like the Postal Service Reform Act of 2017 that was championed by former Representatives Meadows and Cummings. Our current Postmaster General DeJoy took the job despite being vilified in public. He was unanimously selected by the bipartisan USPS Board of Governors because the Board saw tremendous value in his decades of experience managing and growing a successful nationwide logistics company. He certainly has the qualifications to partner with Congress and take on the task of Postal reform.
Information On Paycheck Protection Program Loan Forgiveness
On August 10th, the Small Business Administration (SBA) began accepting applications for loan forgiveness relating to the Paycheck Protection Program. At present, there’s no restricting deadline in place to submit applications, and current borrowers will not be penalized with incurred interest if they decide to delay in the submitting of an application. However, there is important information that borrowers need to know about. Loan forgiveness applications must be sent directly to the lender and not the SBA.
Lenders have 60 days to make the determination of how much of the loan is forgivable and then they must notify the SBA. After the SBA is notified, it has 90 days to review all application materials and either accept or reject the lender’s decision. In addition, borrowers are required to submit a forgiveness application within ten months of exhausting loan funds and by December 31st of this year. The amount of the loan that is not forgiven will carry a 1 percent interest rate and an overall term of five years.
Click here to view frequently asked questions on PPP Loan Forgiveness from the SBA.
New Scam Update
Scammers are now targeting Americans through a new online scheme involving fake tech support hotlines. Recently, I came across the story of a disabled veteran in Charlotte who had called an unverified tech support hotline after encountering problems with the mobile application known as CashApp. For those who do not know, CashApp is a mobile application that allows users to send money between friends, family, and other online users. After contacting the number for help and providing personal information that included her password, the veteran found out that she had been defrauded of $1,999 from her CashApp account.
More Americans are working from home as a result of the COVID-19 pandemic, and technical issues are inevitable. Companies will always list verified email addresses and phone numbers on their official websites for tech support, and customer service representatives will never ask you for personal, sensitive information during a consultation. Do not trust unverified websites or pop-up advertisements that claim to be a “one stop shop” for tech support. Scammers are waiting for you to slip up, but with the right information and extensive research, you can protect yourself and your family.
Recent Events
Speaking On The House Floor On The So-called Delivering For America Act
During Monday’s Oversight Committee hearing
Celebrating International Dog Day with a photo of Sultan, one of our former Boxers
Have a blessed weekend.
Sincerely,
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