Mnuchin Says Names of Small-Business Borrowers Won’t Be Released
By Mark Niquette & Zachary R. Middler, Bloomberg, June 11, 2020
The Trump administration doesn’t plan to release details about companies that received billions of dollars through a high-profile federal coronavirus-relief initiative, Treasury Secretary Steven Mnuchin said this week -- reversing earlier guidance.
The Trump administration believes names of borrowers from the Paycheck Protection Program and the amounts they receive are “proprietary,” and “confidential” in many cases, Mnuchin said Wednesday during a Senate committee hearing.
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