Does this include forgiving PPP loans to Members of Congress and administration officials? I hope not! I still want a report of which MOC & senior admin officials got PPP loans & how much they were. Why is the full list still secret.
Today, I intro'd bipartisan legislation to expedite forgiveness for PPP loans up to $150K. The PPP has been a real lifeline for small biz across SW MI, & this bill will help cut burdensome red tape as they look to reopen their doors & rehire employees.https://bit.ly/332SBYS
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What is known so far: 660,000 small businesses & nonprofit orgs that received at least $150K. Although that is less than 15% o/t total number of loans, it is the most detailed disclosure yet on 1 o/t largest econ stimulus pkgs created by the fed gov, pt o/t $2 trillion Cares Act.
End of conversation
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