Some GOP lawmakers who benefited from the Paycheck Protection Program also opposed legislation requiring lending transparency.
At least four members of Congress have reaped benefits in some way from the half-trillion-dollar small-business loan program they helped create.
And no one knows how many more there could be.
It’s a bipartisan group of lawmakers who have acknowledged close ties to companies that have received loans from the program — businesses that are either run by their families or employ their spouse as a senior executive.
And there are almost certainly more, according to aides and lawmakers. But only the Small Business Administration and Treasury Department have that information, and the Trump administration is refusing to provide any details. That leaves it entirely up to business owners — including elected officials — to decide whether to come forward about a loan, which can be as large as $10 million.
Article submitted by, ScottInManhattan.
