IsntLifeFunny Posted June 12, 2020 Report Share Posted June 12, 2020 The Trump administration believes names of borrowers from the Paycheck Protection Program and the amounts they receive are “proprietary,” and “confidential” in many cases, Mnuchin said Wednesday during a Senate committee hearing. the applications for PPP loans, which are forgivable if borrowers meet certain criteria, say such data will “automatically” be released. Moreover, the Small Business Administration, which oversees the lending program, told Bloomberg News in April that such loan-specific information would be made public “in the near future.” The apparent reversal on disclosure comes amid troubling signs for oversight of the $2.2 trillion pandemic relief package that Congress approved in March. The Government Accountability Office, which is responsible for preparing a required report on the spending by the end of June, has requested loan data from both the PPP and a separate program for economic “disaster” loans, but has not yet been told when the request will be honored, according to spokesman Chuck Young. “We are extremely disappointed to learn that GAO has had the same problems that we have had, and has not gotten the information they need to carry out their oversight function in the executive branch, as well as the difficulties we have in the legislative branch,” Senator Ben Cardin of Maryland, the top Democrat on the chamber’s Small Business & Entrepreneurship Committee, said during Wednesday’s hearing. https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-06-11/mnuchin-says-names-of-small-business-borrowers-won-t-be-released I will do some more reading into this and post what I find. There is no possible way it is legal to keep this from the public, but they will do their best. Link to post Share on other sites More sharing options...
IsntLifeFunny Posted June 12, 2020 Author Report Share Posted June 12, 2020 @Come on Titans thanks for bringing this to our attention. Link to post Share on other sites More sharing options...
abenjami Posted June 13, 2020 Report Share Posted June 13, 2020 10 hours ago, IsntLifeFunny said: There is no possible way it is legal to keep this from the public, but they will do their best. I would not be surprised if there is a very legal way to do it. Generally speaking, people's personal financial stuff is considered private and not open to public inspection. You can't get someone else's tax returns from the IRS. IMO they should be required to release it for corporations, LLC's and formed business entities, but absolutely should not and should be required to protect it for individuals who applied for the loans. Link to post Share on other sites More sharing options...
Starkiller Posted June 13, 2020 Report Share Posted June 13, 2020 If I’m the Biden campaign, I’d call out Trump for giving himself and his donors millions of taxpayer dollars. And if Trump denies it, my response would be that the fact that he is illegally covering up the recipients of the bailout money is proof that he is trying to hide it from the voters. Link to post Share on other sites More sharing options...
Starkiller Posted June 13, 2020 Report Share Posted June 13, 2020 20 minutes ago, abenjami said: I would not be surprised if there is a very legal way to do it. Generally speaking, people's personal financial stuff is considered private and not open to public inspection. You can't get someone else's tax returns from the IRS. IMO they should be required to release it for corporations, LLC's and formed business entities, but absolutely should not and should be required to protect it for individuals who applied for the loans. The PPP loan application warns borrowers that “subject to certain exceptions,” their company names, loan amounts, and other information are public records “that will be automatically released” under the federal Freedom of Information Act, or FOIA. And the SBA’s website says that company names and loan amounts are public records. Link to post Share on other sites More sharing options...
AJClown Posted June 13, 2020 Report Share Posted June 13, 2020 Our government has decided we don't need to know where five hundred billion of our tax dollars went with the relief monies. Is this acceptable to you? Link to post Share on other sites More sharing options...
LongTimeFan Posted June 13, 2020 Report Share Posted June 13, 2020 Hey dumbfuck, there's already a thread on this. 500 billion = 1/2 trillion Link to post Share on other sites More sharing options...
AJClown Posted June 13, 2020 Report Share Posted June 13, 2020 17 minutes ago, LongTimeFan said: Hey dumbfuck, there's already a thread on this. 500 billion = 1/2 trillion You voted for Trump, a clear indication that you are not qualified to make that call. Link to post Share on other sites More sharing options...
LongTimeFan Posted June 13, 2020 Report Share Posted June 13, 2020 You dont fool anyone with your dual account. Link to post Share on other sites More sharing options...
AJClown Posted June 13, 2020 Report Share Posted June 13, 2020 Just now, LongTimeFan said: You dont fool anyone with your dual account. This is my only account here. I merged from gotitans.com to here. I see theres alot of ignorance here too. Link to post Share on other sites More sharing options...
IsntLifeFunny Posted June 13, 2020 Author Report Share Posted June 13, 2020 7 hours ago, abenjami said: I would not be surprised if there is a very legal way to do it. Generally speaking, people's personal financial stuff is considered private and not open to public inspection. You can't get someone else's tax returns from the IRS. IMO they should be required to release it for corporations, LLC's and formed business entities, but absolutely should not and should be required to protect it for individuals who applied for the loans. I worded that poorly. I meant it is illegal for them to keep it from the GAO, or at least in theory it has to be. They’re trying to keep it a secret for a reason. It should be public information, but there is no legal reasoning in keeping it from oversight authorities. Link to post Share on other sites More sharing options...
klaa2 Posted June 13, 2020 Report Share Posted June 13, 2020 Link to post Share on other sites More sharing options...
MamlngEnvy Posted June 13, 2020 Report Share Posted June 13, 2020 Fuck these bitches. The real businesses who needed it like me did t get shit . Fuck a trump Link to post Share on other sites More sharing options...
abenjami Posted June 13, 2020 Report Share Posted June 13, 2020 11 minutes ago, IsntLifeFunny said: I worded that poorly. I meant it is illegal for them to keep it from the GAO, or at least in theory it has to be. Then yes, I would agree with your premise. Link to post Share on other sites More sharing options...
abenjami Posted June 13, 2020 Report Share Posted June 13, 2020 7 hours ago, Starkiller said: The PPP loan application warns borrowers that “subject to certain exceptions,” their company names, loan amounts, and other information are public records “that will be automatically released” under the federal Freedom of Information Act, or FOIA. And the SBA’s website says that company names and loan amounts are public records. I have no idea where you quoted this from but the author fails to mention two important things. First, the application warning also states that proprietary data on a borrower would not routinely be made available to third parties. Second, there are several exceptions to FOIA requests that permit the SBA to either redact or refuse to release financial information or information that would invade another individual person's privacy. Link to post Share on other sites More sharing options...
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