The call from the Democratic Party leaders, highlighted in a publicly released letter to the Treasury and SBA late on Sunday, asked for setting aside at least $10 billion in the next 48 hours for MDIs and CDFIs to make PPP loans amid the coronavirus outbreak. “SBA and Treasury should use their administrative authority to create a special set-aside of at least $10 billion of PPP funds solely dedicated for MDIs and CDFIs,” the Democrats said in the letter.
