Pelosi Statement on Trump Administration Reversal on PPP Loan Transparency
San Francisco – Speaker Nancy Pelosi issued this statement after the Trump Administration reversed its decision to conceal recipient names and loan amounts for PPP loans:
“The Trump Administration’s concealment of PPP loan data was a disturbing sign of its complete indifference to ensuring that Paycheck Protection Program funds go first and foremost to the most vulnerable small businesses on Main Street. Its reversal is an overdue step toward securing the transparency needed to ensure struggling small businesses, particularly minority, women and veteran-owned businesses, are getting the vital assistance they need to survive and retain their workers.
“Democrats stand with the American people and small businesses, and will continue to demand that the CARES Act’s historic investment of taxpayer money is used wisely and effectively to save lives and livelihoods.”