Mnuchin: Big Businesses Given Small Biz Loans Will Be Asked to Give it Back
After a week of negotiations, another emergency coronavirus relief bill is now on its way to the U.S. House of Representatives.
The bill would provide additional funding to small business relief programs, hospitals and testing.
Big firms that have already been approved for loans will be asked to give them back.
“To the extent these companies didn’t understand this, and they repay the loans, that will be OK. If not, there will be potentially other consequences,” he said.
The House could vote on the funding bill as soon as Thursday.
It then moves on to President Trump’s desk for his signature—possibly by the end of the week.