Here are three of the biggest changes Mnuchin laid out on Wednesday in testimony before the Senate Small Business Committee.President Donald Trump and Treasury Secretary Steve Mnuchin.Mnuchin said the Trump administration didn't plan to release the identities of businesses that benefited from PPP.
Early on, the rollout of PPP triggered a firestorm of criticism when large public companies such as Shake Shack were found to be drawing funds from the program. Many, like Shake Shack, eventually returned the money. But Mnuchin confirmed to lawmakers that even small businesses borrowing from the government spending less than that on payrolls could still have loans partially forgiven — as long as 60% of the government loan was directed to keep workers employed.
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