Judge Orders the Release of Data on Emergency Loans for Small Businesses
The PPP was a fraud bonanza.
The Small Business Administration’s Paycheck Protection Program, created by the Coronavirus Aid, Relief, and Economic Security Act in March, has so far dispensed more than $525 billion in loans that can be forgiven if the money is mostly spent to keep employees. The Treasury Department originally declined to release the names of borrowers, maintaining that doing so would expose “proprietary information.”…
…On Thursday, District of Columbia Circuit Judge James Boasberg rejected that contention, noting that borrowers had been informed via the loan application that such data could be revealed as a result of a FOIA lawsuit.
This article was originally posted here: https://www.ac2news.com/2020/11/judge-orders-the-release-of-data-on-emergency-loans-for-small-businesses/.