US Presidency
2020

I’m also very pleased that Harvard—as you know, it’s Harvard and Stanford and Princeton and numerous other universities and colleges, and also large businesses have sent funds back to us. And in some cases, I stopped funds that I looked at. And we are pleased to report that the funds have either not gone out or it’s about $350 million, and they’ve either not gone out or we’ve renegotiated it and they’re not getting them. So—and it’s—in a couple of cases, they’re sending them back and sending them back immediately. So I think it was very nice. I want to thank Harvard in particular. They acted very quickly and decisively. And they agreed, when they heard the facts, that they should not be getting it. So we appreciate it very much from Harvard, Princeton, Stanford, and other institutions. The bill also includes $30 billion to support small lending institutions serving distressed communities, helping countless African American and Hispanic American small businesses.