The Treasury Department and Small Business Administration will reveal information on companies that received bailout loans amid pressure from lawmakers
information on companies that received loans under the government’s massive small business rescue program.
“I am pleased that we have been able to reach a bipartisan agreement on disclosure which will strike the appropriate balance of providing public transparency, while protecting the payroll and personal income information of small businesses, sole proprietors, and independent contractors,” Mnuchin said in the release.
The agencies had expressed worry that such disclosures might reveal proprietary information about the borrowers because the loans are based on payroll.
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