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The Paycheck Protection Program was supposed to help small businesses. Yet, new data makes it clear that absent aggressive, real time oversight, millions of taxpayer dollars went out the door to some of the largest companies and national chains. (1/5) https://www.washingtonpost.com/business/2020/12/01/ppp-sba-data/
Since April, I've been urging the Administration to disclose data on exactly which businesses were getting these forgivable loans. I introduced legislation to make this information publicly available so the American people could have confidence in the PPP *in real time*. (2/5)
The Administration resisted, and now we know why: a majority of PPP funds went to just a fraction of recipients--including Trump and Kushner properties. Meanwhile, millions are unemployed and small businesses are struggling to stay open. (3/5) https://www.nbcnews.com/business/business-news/release-ppp-loan-recipients-data-reveals-troubling-patterns-n1249629
We need to hold these bad actors accountable and pass new measures to prevent abuse of taxpayer dollars. That’s why @SenGillibrand and I introduced legislation to crack down on politicians seeking to enrich themselves through programs like the PPP. (4/5) https://twitter.com/RepKatiePorter/status/1308883428243374084
And we also need to do more to actually help small businesses keep workers on payroll. I'm proud to back the Paycheck Recovery Act, which would provide direct relief to families and small businesses—not special interests. I told @ChrisCuomo about this earlier this week 
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