Treasury Secretary Alert Large Companies for Criminal Penalties

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The Treasury Secretary of the US, Steven Mnuchin, plans to crack down on larger recipients of Paycheck Protection Program (PPP) loans intended for smaller businesses. Reports say the intent was not to give an unnecessary push for larger businesses but to help stabilize the smaller businesses. With that being said, the companies have started to return the PPP loans due to the force of the Trump administration and the public.

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