Go Back   SZONE.US Forums > Current Events > News > Americans For Prosperity

Americans For Prosperity Americans for Prosperity (AFP) and Americans for Prosperity Foundation (AFP Foundation) are committed to educating citizens about economic policy and mobilizing those citizens as advocates in the public policy process. AFP is an organization of grassroots leaders who engage citizens in the name of limited government and free markets on the local, state and federal levels. The grassroots members of AFP advocate for public policies that champion the principles of entrepreneurship and fiscal and regulatory restraint.

Americans For Prosperity

SBA, Treasury agree to transparency for Paycheck Protection Program loans

Thread Tools Search this Thread Rate Thread
Unread 06.23.20, 04:53 PM
@AFPhq @AFPhq is offline
Join Date: 04.09
Posts: 1,847
SBA, Treasury agree to transparency for Paycheck Protection Program loans

06.23.20 12:43 PM

Transparency in government plays a key role in holding public officials accountable. In times of crisis in particular, greater insight into execution of relief programs empowers journalists, citizen watchdogs, and everyday Americans to ensure the program’s promise of support for those in need matches the reality of its implementation in communities across the country. On Friday, the Small Business Administration and the U.S. Department of the Treasury took an important step when they announced plans to publicly release loan data, including recipient names and a range of dollar amounts, from the Paycheck Protection Program. The proposal falls short of full transparency by exempting the names of loan recipients under $150,000 and not disclosing exact loan amounts. The proposal is still a significant improvement from SBA and Treasury’s earlier push to keep all business names confidential despite informing loan applicants that this information would be public on the application form and the fact that SBA publishes data for its other loan programs on its website. The Paycheck Protection Program was the signature component of the CARES Act and it has thus far disbursed “4.5 million loans worth a total of $512 billion.” Americans for Prosperity Foundation’s James Valvo commented: “Releasing the […]

The post SBA, Treasury agree to transparency for Paycheck Protection Program loans appeared first on Americans for Prosperity.

Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Rate This Thread
Rate This Thread:

All times are GMT -8. The time now is 09:14 PM.

Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Copyright ©2007 - 20017 SZONE.US All rights reserved