Policymakers should consider blanket forgiveness for all smaller businesses who received loans from the Paycheck Protection Program, Treasury Sec. Mnuchin says.
“This time, we need to have a revenue test and make sure that money is going to businesses that have significant revenue declines,” he said.
He also said he would support efforts to set aside a portion of remaining PPP funds for minority-owned businesses, amid concerns from some lawmakers that those businesses were struggling to secure funding.
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