Federal Judge Rules that Names, Addresses, and Loan Amounts of PPP Recipients Must Be Publicly Released By November 19
Yesterday, a federal court in Washington, D.C. ruled that the Small Business Administration (SBA) must release detailed information about the businesses that received loans from the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) program, including the names and addresses of the recipients and the exact amount of each loan they received over $150,000.
Judge James Boasberg noted that the $717 billion that the two programs disbursed to business owners since the onset of the pandemic exceeded expenditures on Medicare in 2018 as well as the Defense Department’s most recent budget request. In rejecting the SBA’s arguments that the names of recipients and the precise amount of loans should not be released, the judge noted that the PPP loan application expressly informed potential borrowers that their names and the amounts of their loans could be released in response to a Freedom of Information Act (FOIA) request, like the one filed by the Washington Post that was before the court. The SBA must provide the names, addresses, and precise loan amounts for all individuals and entities that obtained coronavirus-related PPP and EIDL loans by November 19.
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