Names Of Small-business Borrowers From Paycheck Protection Program Won’t Be Released, Mnuchin Says

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. But the applications for PPP loans, which are forgivable if borrowers meet certain criteria, say such data will “automatically” be released.

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