Kudlow: We Never Promised To Disclose Business Loans

Axios reports:

White House economic adviser Larry Kudlow told CNN’s “State of the Union” Sunday that the Trump administration never promised to release the names of businesses that received forgivable Paycheck Protection Program loans as a part of the CARES Act.

Why it matters: U.S. taxpayers have provided hundreds of millions of tax dollars to bail out small businesses impacted by economic disruption set off by the coronavirus pandemic, but they may never know where exactly the money went ⁠and how well the program worked.

Historically, business recipients of the Small Business Administration’s Section 7(a) loans, which PPP was structured under, have had their names and loan amounts publicly disclosed on an annual basis.