New: SBA and Treasury told lawmakers today they will give congressional committees "full access to all PPP loan-level information" and probably do it by the end of next week. The committees will get all borrower names and loan amounts
SBA and Treasury told lawmakers the PPP loan data "will include voluminous personally identifiable information and commercially sensitive business information." They asked Hill committees to "identify the staff member with whom SBA should work to ensure appropriate data security"
The PPP data that the Trump administration is preparing to send to the Hill appears to much broader in scope than what SBA and Treasury agreed to disclose publicly last week. That deal will only reveal the names of 14 percent of PPP borrowers
The SBA says it is also providing GAO with loan-level PPP data after they were at odds over sharing information. "SBA is engaging with GAO to ensure that borrowers’ personally identifiable and nonpublic business information will be protected by GAO." https://www.politico.com/news/2020/06/25/paycheck-protection-program-fraud-339619
The full letter that SBA and Treasury sent to lawmakers today on releasing PPP loan data:
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