Pelosi Statement on Trump Administration Concealing PPP Loan Data
San Francisco – Speaker Nancy Pelosi issued this statement on reports that the Trump Administration has reversed course and is now refusing to disclose amounts or recipients of Paycheck Protection Program loans:
“The Paycheck Protection Program is designed to be a lifeline to help vulnerable small businesses with the greatest need, particularly the minority, women and veteran-owned businesses that are struggling. The Administration’s decision to hide basic PPP loan data is a disturbing sign of its lack of concern for who gets this funding, how much they receive or why.
“The American people expect full transparency to ensure that the CARES Act’s historic investment of their taxpayer money is used wisely and effectively to save lives and livelihoods, not to be used by profiteers and price-gougers.
“The Administration must immediately reverse this decision and uphold its obligation to release this data.”