Mnuchin Says Names of Small-Business Borrowers Won’t Be Released
- Administration’s position reverses earlier borrower guidance
- Treasury secretary cites potential ‘proprietary’ information
Steven Mnuchin
Photographer: Kevin Dietsch/UPI/Bloomberg
This article is for subscribers only.
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.