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US government refuses to say which small businesses received PPP loans - Business Insider

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The US Government is refusing to say which businesses received over $500 billion in coronavirus bailout loans

Treasury Secretary Steven Mnuchin speaks during a meeting with restaurant industry executives about the coronavirus response, in the State Dining Room of the White House, Monday, May 18, 2020, in Washington.The US government declined to share which small businesses have received loans under the Payroll Protection Program.

Some 438 publicly traded companies have disclosed about $1.38 billion worth of loans in regulatory filings, according to FactSquared, which has been checking thousands of filings. In some cases, large companies returned the money after public backlash forced the Treasury Department to tighten its rules for the program and more closely review applications.

"We believe that that's proprietary information, and in many cases for sole proprietors and small businesses, it is confidential information," Treasury Secretary Steven Mnuchin told lawmakers on Capitol Hill on Wednesday. Usually, the Small Business Administration — which has overseen the PPP — discloses recipients of its loans.

 

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AbsolutelyOutrageous

Elected by the people

Slush fund of taxpayer's money for friends of the GOP is a state secret! I am outraged!

What wait ..,,, So basically it’s not our business

No worries. Audit can start end of Jan 2021.

The US government didn’t even say which congresspeople used taxpayer money to settle sexual harrasment claims.

I wonder why lmaooooo

BREAKING WHO says coronavirus situation 'worsening' worldwide COVID19.,

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