Weekly COVID-19 Oversight & Enforcement Report - July 2020 #2

Treasury and the SBA disclosed the identities of a portion of PPP loan recipients. The Washington Post has created a searchable database of the recipients. Politico reports that the revelation that wealthy businesses and nonprofits benefited from PPP loans makes it more likely that Congress will impose new limits on aid in its next rescue plan for employers and workers. Rep. James E. Clyburn, Chairman of the Select Subcommittee on the Coronavirus Crisis, issued a statement in response to the disclosure. He expressed appreciation for the “much-needed transparency for the largest borrowers,” but noted that “it is only a first step” and that the Select Subcommittee “is working to ensure more oversight and more transparency for this critical program.”

Please see full Publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© WilmerHale | Attorney Advertising

Written by:

WilmerHale
Contact
more
less

WilmerHale on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.