with goldman sachs we have been very focused on funding cdfi's.r today we made a commitment to the tune of $750 million to black ands who reach latino business owners and women business owners as well. joe: one of the details that strikes me as interesting as only 29% of black business owners with household income below 75,000 dollars received funding compared to 65% for white business owners. , in banks consider funding guess what type of, what are the justifications used? how do they explain these disparities and what other factors might they look for to justify such an extreme disparity and who gets money? asahi: i think they are not doing a couple of things that i think need to be looked at, which is a second look at the black applicant. because, as you said, your household income seems to matter more if you are a black small business owner your household income seems to matter more. 2/3 of white business owners are able to get the funding where is only 1/3 of black small business owners. additional bias training is really necessary as well. o

is the cdfi's, and minority institutions, better known as m.d.i.'s, trying to low-income communities during the pandemic. for example, the bill provides and othern in capital assistance for cdfi's and mdi -- m.d.i.'s to bolster financial communities that have been hardest hit by this pandemic. bill provides s another round of stimulus payments for families, additional funding for small businesses, including $120 illion for restaurants and airport concessionaires. and importantly, the bill treasury secretary to work with the global community to immediately provide 2 trillion in relief through the international monetary fund, which will immediately support eveloping countries that are experiencing some of the worst effects of covid-19. speaker, this bill is not everything that's needed but a good-faith effort to bridge the gap in negotiations colleagues.ublican it's time for republicans to reliefocking coronavirus and support this legislation. and i yield back the balance of my time. very much. the speaker pro tempore: the gentlelady yields back. ms.

this is especially concerning because lenders such as cdfis are operating. mr. shear, what do you believe sba will be able to do to meet this deadline? and if not able to meet the 90-day deadline for distribution of forgiveness funds, will this stop them from participating in the ppp in the future? >> i'll first start with saying that sba might actually meet those deadlines. our concern in meeting those deadlines is that we're looking for some type of control environment under which the forgiveness process will proceed but so sba could meet the deadlines. it's the question of whether it will protect the integrity of the program in how they go about it. so now, if they don't meet those deadlines, then you have -- you are creating more uncertainty for the lenders. and the lenders have certainly, we have spent a lot of time talking to lenders and their trade groups. and the concerns with the rolling guidance, i'll call it, and just changes in the program and the whole question of how much lenders will be held harmless based on certifications from borrowers, it's ju

is the cdfi's, and minority institutions, better known as m.d.i.'s, trying to low-income communities during the pandemic. for example, the bill provides and othern in capital assistance for cdfi's and mdi -- m.d.i.'s to bolster financial communities that have been hardest hit by this pandemic. bill provides s another round of stimulus payments for families, additional funding for small businesses, including $120 illion for restaurants and airport concessionaires. and importantly, the bill treasury secretary to work with the global community to immediately provide 2 trillion in relief through the international monetary fund, which will immediately support eveloping countries that are experiencing some of the worst effects of covid-19. speaker, this bill is not everything that's needed but a good-faith effort to bridge the gap in negotiations colleagues.ublican it's time for republicans to reliefocking coronavirus and support this legislation. and i yield back the balance of my time. very much. the speaker pro tempore: the gentlelady yields back. ms.