Trump administration drops secrecy posture on small-business aid

Mon June 22, 2020

ABMA logo 2016


From the Los Angeles Times June 19, 2020

----Steve Mnuchin Headshot 2020.jpgThe Trump administration has abruptly dropped its insistence on secrecy for a $600-billion-plus coronavirus aid program for small businesses.

The administration announced Friday it will publicly disclose the names of recipients of the taxpayer-funded loans, the amounts they received and demographic data on the businesses.

The unexpected move came after Democratic lawmakers, government watchdogs, ethics advocates and news organizations called for the administration to make the information public.

Treasury Secretary Steven Mnuchin refused to do so at a Senate hearing last week, saying the data were “proprietary information.”

Mnuchin said in a statement Friday that the new position resulted from a bipartisan agreement with leaders of the Senate Small Business Committee.

This comes as a blow to many small privately held companies that view this action as an invasion of their privacy.

If you would like to contact your elected official in The US House of Representatives and the US Senate and express your feelings about the information regarding number of employees be kept private, please click on the link below. The message can be edited to your liking.

Contact your Elected Official