Trump Administration Flips on PPP Disclosures After Backlash

(Bloomberg) — The Trump administration, following a backlash, said it would release details about companies that received loans of $150,000 or more from a coronavirus relief program for small businesses.Treasury Secretary Steven Mnuchin said last week the firms that got billions of dollars in taxpayer-funded aid wouldn’t be disclosed, sparking fury from Democrats and others. In a joint statement on Friday night, the Treasury Department and the Small Business Administration said the company names, addresses, demographic data and other information would be disclosed in five ranges — starting with $150,000 to $350,000, and going up to between $5 million and …read more

Source:: Yahoo Finance

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