Schumer Statement On Trump Admin. Reversal Allowing Increased Transparency In Paycheck Protection Program Borrowing

June 19, 2020

Washington, D.C.— Senate Democratic Leader Chuck Schumer today released following statement in response to the Trump administration reversal allowing for greater transparency in PPP loan borrowing:

“The Treasury Department finally gave in to public pressure from Democrats because their position of hiding which businesses have received PPP loans was untenable. This reversal is a good start and will help us determine if taxpayer money went where Congress intended—to the truly small and unbanked small business. Democrats will continue to push for maximum transparency from the Trump administration, especially when it comes to CARES Act funds.” 

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