Treasury Secretary Steven Mnuchin said he's planning talks with lawmakers seeking details of $512 billion in emergency small business loans backed by the government during the pandemic
House Democrats overseeing the Trump administration’s coronavirus response are asking major financial institutions to fork over reams of information about businesses that obtained government-backed loans to remain afloat amid the pandemic.
In addition to the letters to lenders, House Democrats on the oversight panel wrote to Mnuchin and Small Business Administration head Jovita Carranza urging them to release the names of all Paycheck Protection Program borrowers. Earlier Monday, Mnuchin said he was planning talks with lawmakers seeking details on the loans, as he faced a growing backlash.
“Chairman Rubio plans to work closely with [the Small Business Administration] and Treasury to ensure enough data is disclosed about the program to determine its effectiveness and ensure there is adequate transparency without compromising borrowers’ proprietary information," Rubio spokesperson Nick Iacovella said Monday.
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