FOR IMMEDIATE RELEASE

June 12, 2020

CONTACT:
Carter Dougherty
carter@ourfinancialsecurity.org
(202) 251-6700

Administration Must Publish Data on Small-Business Lending Program

In response to the Trump administration’s decision, announced by Treasury Secretary Steven Mnuchin, not to publish data from the Small Business Administration:

“The only plausible reason to hide information about the small-business relief program is that the Trump administration wants to hide who is or is not getting help, and to what extent it is working,” said Rion Dennis, legislative and advocacy director at Americans for Financial Reform Education Fund. “There are alarming indications of serious racial and regional inequities in the program which could have a devastating impact on the survival of Black- and Latinx-owned small businesses. Fundamental principles of good government and of equity demand that data on lending under the Paycheck Protection Program be published now, and on a regular basis.”

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