Political News
Small Business Administration and Treasury shift course, will disclose PPP borrowers over $150,000
The Small Business Administration and Treasury Department, under withering criticism for lack of transparency, shifted course Friday and announced they would disclose details of borrowers in the Paycheck Protection Program.
Posted — UpdatedBy Phil Mattingly, CNN
CNN — The Small Business Administration and Treasury Department, under withering criticism for lack of transparency, shifted course Friday and announced they would disclose details of borrowers in the Paycheck Protection Program.
The SBA, which manages the $660 billion emergency lending program, will disclose business names, addresses, loan amount ranges and demographic data, among other things, as part of an agreement with bipartisan lawmakers on Capitol Hill, the SBA and Treasury announced in a joint statement.
This is a breaking story and will be updated.
Copyright 2024 by Cable News Network, Inc., a Time Warner Company. All rights reserved.
