- Treasury Secretary Steven Mnuchin said Tuesday that loans over $2 million will undergo a "full review" before they're forgiven.
- At least 220 publicly traded companies took loans from the program. 15 have said they will return the money.
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Treasury Secretary Steven Mnuchin said Tuesday that the government will be conducting a full review of any Paycheck Protection Loan over $2 million after large corporations abused the relief program meant for small businesses.
"It is unfortunate that a small number of companies that have created a lot of publicity that took loans," Mnuchin said on CNBC of the 220 publicly listed firms that received Small Business Administration assistance e. "I think it was inappropriate for most of these companies to take loans, and we don't think that they ever should have been allowed to."