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Fri Jul 3, 2020, 10:27 PM

Treasury, SBA appear to miss deadline to disclose small business loan data

Source: Washington Post

Administration officials had told lawmakers they would release names of some Paycheck Protection Plan borrowers before the holiday weekend

The Treasury Department and Small Businesses Administration appear unlikely to release information on hundreds of thousands of Paycheck Protection Program loans this week as planned, a setback in the Trump administrationís promises to be transparent about one of the largest economic stimulus packages ever created by the federal government.

After offering contradictory statements on how much information they would release about more than 4.8 million forgivable loans issued from the $660 billion program, Treasury Secretary Steven Mnuchin and SBA Administrator Jovita Carranza announced last week that they would release the names of borrowers who received at least $150,000 in funds before the holiday weekend.

But as of Friday afternoon ó a government holiday ó the Treasury Department and SBA did not indicate any plans to release the data. Congressional aides, speaking on the condition of anonymity because they werenít authorized to brief the press, said they donít expect the data to be released before Monday.

It wasnít clear what was causing the delay. Spokesmen for the Treasury Department and SBA did not return requests for comment Friday on the reason for the delay.

Read more: https://www.washingtonpost.com/business/2020/07/03/treasury-sba-appear-miss-deadline-disclose-small-business-loan-data/



Well surprise, surprise, surprise...

2 replies, 1301 views

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Reply Treasury, SBA appear to miss deadline to disclose small business loan data (Original post)
Zorro Jul 3 OP
cstanleytech Jul 3 #1
Bernardo de La Paz Jul 3 #2

Response to Zorro (Original post)

Fri Jul 3, 2020, 11:01 PM

1. Eventually the information will be released and hopefully anyone that did anything unethical will be

held accountable though it will likely not happen until Biden is in office.

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Response to Zorro (Original post)

Fri Jul 3, 2020, 11:07 PM

2. But of course. . . . nt

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