releases: https://mcadams.house.gov/news/documentsingle.aspx?DocumentID=361
Data license: MIT · Data source: dwillis/congress-press
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| url | title | date | year | month | party | chamber | state | member_name | bioguide_id | domain | scraper | source | date_source | text | has_text | collected_at | updated_at |
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| https://mcadams.house.gov/news/documentsingle.aspx?DocumentID=361 | McAdams: Treasury Dept. owes taxpayers answers on where PPP loans are going | 2020-06-12 | 2020 | 2020-06 | Democrat | House | UT | Ben McAdams | M001209 | mcadams.house.gov | legacy | West Jordan, UtahCongressman Ben McAdams said he is outraged by the statement this week from the Treasury Secretary that he won't disclose the recipients of more than $500 billion in Paycheck Protection Program (PPP) loans because it is confidential information. What part of it's taxpayer money' does he not understand? These tax dollars are meant to help Main Street businesses in cities and towns across the country. We know that is not what is happening, based on news accounts of large companies getting these loans while small business owners were left out in the cold. Transparency, not secrecy, is the only way to keep faith with citizens that their money is getting to those for whom it was intended, said McAdams. The U.S. Government Accountability Office - an independent, nonpartisan agency tasked with oversight of taxpayer dollars - also reports that the Treasury Department has failed to turn over requested data regarding the PPP loans. This raises troubling questions on the agencies' lack of transparency and accountability. More from McAdams here. In April, McAdams sent a letter to the Treasury Secretary and the SBA Administrator critical of the Paycheck Protection Program rollout and questioning whether big corporations unfairly gamed the system. McAdams is still waiting for a response. Bipartisan legislation to increase flexibility and make other improvements to PPP loan forgiveness has now become law, and McAdams said he's urging small businesses to learn about the changes as they maximize the economic relief it provides while minimizing the red tape. But he said that is not a substitute for transparency for the public about which businesses have received the money. ### | 1 | 2026-03-30T12:14:52Z | 2026-03-30T12:14:52Z |