House demands coronavirus loan info from Treasury, banks

WASHINGTON (AP) — The House subcommittee investigating billions of dollars in coronavirus aid, is demanding that the Treasury Department, the Small Business Administration and several large banks turn over detailed information about who applied and received federal loans.

The requests come after Treasury Secretary Stephen Mnuchin told Congress last week that the names of loan recipients and the amounts disbursed as part of the $600 billion-plus Paycheck Protection Program are “proprietary information.”

Categories: Coronavirus, National News