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Economy

Beyer Releases Summary Of Financial Support Available For Northern Virginians Amid COVID-19 Pandemic

| Posted in Press Releases

Rep. Don Beyer today released a summary of financial assistance available to Northern Virginians in the National Capital Region amid the COVID-19 pandemic. The document explains direct payments, unemployment insurance, paid leave, provisions for federal workers and students, and other government support. “The hardship caused by the COVID-19 pandemic is widespread, but there are…

State And Local Governments Fighting Coronavirus Need Our Help Now

| Posted in Opinion Pieces

State and local governments fighting coronavirus need our help now By: Rep. Don Beyer (D-VA), Opinion Contributor The Hill April 9, 2020 The COVID-19 pandemic is the most serious public health crisis in the United States in a century, and it may cause an economic crisis worse than the Great Recession. The two crises are intertwined because the steps necessary to contain the…

Beyer on UI Claims: Congress Needs to Tie Ongoing Support to Economic Conditions

| Posted in Press Releases

Today, Congressman Don Beyer (D-VA), the Vice Chair of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Department of Labor reported that first-time unemployment claims for the week ending April 4 reached 6.6 million. This means that nearly 17 million Americans have lost their jobs in the last three weeks as a result of the economic impact of…

Beyer to Mnuchin: Small Businesses are Frustrated, Provide Clear Paycheck Protection Program Guidance

| Posted in Press Releases

Today, in a letter to Treasury Secretary Steven Mnuchin, Congressman Don Beyer (D-VA), the Vice Chair of the U.S. Congress Joint Economic Committee, urged the Trump cabinet official to facilitate swift and successful implementation of the Paycheck Protection Program (PPP) by providing clear guidance to small businesses and lenders. A key element of Congress’s third legislative response…

Members Of Virginia Delegation Urge Treasury To Provide Commonwealth Flexibility To Use Federal COVID-19 Funds, Help Prevent Cuts To Vital Services

| Posted in Press Releases

Today, U.S. Senators Mark R. Warner and Tim Kaine, as well as Representatives Bobby Scott, Gerry Connolly, Don Beyer, A. Donald McEachin, Elaine Luria, Abigail Spanberger, and Jennifer Wexton sent a letter urging Treasury Secretary Steven Mnuchin to provide Virginia maximum flexibility to use funding from the coronavirus economic relief package to help address budget shortfalls and…

Northern Virginia Representatives Urge Lenders To Help Small Businesses In Face Of Chaotic Rollout Of National Assistance Program

| Posted in Press Releases

U.S. Representatives Don Beyer (D-VA), Jennifer Wexton (D-VA), and Gerry Connolly (D-VA) this evening held an urgent conference call with representatives of over a dozen Virginia lending institutions to discuss questions and concerns about the Paycheck Protection Program (PPP) loan program. The program, established by the CARES Act to support small businesses hurt by the COVID-19…

Beyer To Host Third Teletownhall On COVID-19 Pandemic

| Posted in Press Releases

Congressman Don Beyer (D-VA) will host his third telephone town hall today on the COVID-19 pandemic. The call will feature remarks from the city/county managers/executives of Alexandria, Arlington, Fairfax County, and Falls Church. The call will begin at 4:50 p.m. and last for one hour. Interested participants can dial 877-229-8493 and enter pin 117023, or pre-register here. Beyer…

Beyer Highlights CARES Act Science And Research Support During House Floor Debate

| Posted in Press Releases

Rep. Don Beyer (D-VA) today delivered remarks on behalf of the House Committee on Science, Space, and Technology during debate on the CARES Act. Beyer highlighted important science funding for medical research in the legislation, which is the third emergency relief bill passed by Congress to address the COVID-19 pandemic. Beyer’s remarks (as prepared): “Mister Speaker, as a Member of…

Joint Economic Committee Vice Chair Beyer’s Statement on Passage of Third Coronavirus Stimulus Package

| Posted in Press Releases

Today, Congressman Don Beyer (D-VA), Vice Chair of the U.S. Congress Joint Economic Committee, released the following statement on the third stimulus package passed by Congress to address the public health and economic impacts of the coronavirus. The package totaled $2 trillion. “The only way we will get the economy going again is by first containing the spread of the coronavirus. This…

Vice Chair Beyer: Unprecedented UI Claims “Far Worse” Than Great Recession

| Posted in Press Releases

Today, Congressman Don Beyer (D-VA), the Vice Chair of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Department of Labor reported that first-time unemployment claims for the week ending March 21 reached a record 3,283,000. The release is the first real look at how the coronavirus has impacted businesses and the workers they employ. “These…