ABSTRACT

Paycheck Security: Economic Perspectives on Alternative Approaches to Protecting Workers' Pay During COVID-19, Virtual Hearing Before the Subcommittee on National Security, International Development and Monetary Policy of the Committee on Financial Services, U.S. House of Representatives, One Hundred Sixteenth Congress, Second Session, July 7, 2020   [open pdf - 5MB]

This is the July 7, 2020 hearing on "Paycheck Security: Economic Perspectives on Alternative Approaches to Protecting Workers' Pay During COVID-19 [coronavirus disease 2019]" held before the Subcommittee on National Security, International Development and Monetary Policy of the Committee on Financial Services, U.S. House of Representatives. From the Opening Statement: "In February, before a pandemic was declared and the economic livelihood of Americans was placed in peril, I sent a letter, asking the White House, the Treasury Department, and the Federal Reserve how they planned to prevent a crisis from occurring due to COVID-19. I asked them what their strategy was to help protect American's health and the national economy. It would be months until that letter that I wrote with Chairmen Meeks, Green, and Clay would receive a response. Unfortunately, by that time it was clear, at least to me, that there was no plan. Because we did not plan, we have become a part of the virus' plan. Congress was forced to take unprecedented steps to rescue our economy and provide emergency assistance to American families and front-line workers through the Coronavirus Aid, Relief, and Economic Security (CARES) Act." Statements, letters, and materials submitted for the record include those of the following: Lisa D. Cook, Lily Eskelsen Garcia, Joseph Stiglitz, and Diego Zuluaga.

Report Number:
Serial No. 116-100
Publisher:
Date:
2021
Series:
Copyright:
Public Domain
Retrieved From:
U. S. Government Publishing Office: https://www.gpo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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