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 administration’s 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 — a government holiday — the Treasury Department and SBA did not indicate any plans to release the data. Congressional aides, speaking on the condition of anonymity because they weren’t authorized to brief the press, said they don’t expect the data to be released before Monday.
It wasn’t 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...
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