Lawmakers Slam Treasury Secretary Janet Yellen For Skipping Hearing On Distribution Of PPP Funds

Treasury Secretary Janet Yellen has ignited anger amongst Republicans and Democrats alike for skipping a hearing on COVID-19 relief.

Yellen and SBA Administrator Isabel Guzman were slated to appear before the House Small Business Committee on Wednesday, but Guzman was the only one who showed. The Democrat and Republican leaders of the committee both slammed Yellen for refusing to testify, especially considering she played a major role in implementing the program itself.

Additionally, Chairwoman Nydia Velazquez (D-N.Y.) said that Yellen’s refusal was in violation of the law. The $900 billion COVID-19 relief package passed by Congress in March requires the Treasury Secretary and SBA Administrator to testify on distribution of funds under the Paycheck Protection Program.

Yellen and SBA Administrator Isabel Guzman were slated to appear before the House Small Business Committee on Wednesday, but Guzman was the only one who showed. The Democrat and Republican leaders of the committee both slammed Yellen for refusing to testify, especially considering she played a major role in implementing the program itself.

Additionally, Chairwoman Nydia Velazquez (D-N.Y.) said that Yellen’s refusal was in violation of the law. The $900 billion COVID-19 relief package passed by Congress in March requires the Treasury Secretary and SBA Administrator to testify on distribution of funds under the Paycheck Protection Program.