U.S. Treasury Secretary Steven Mnuchin warned on Wednesday that larger companies could face investigation if they apply for small business coronavirus rescue money without carefully reviewing whether they qualify for it. Mnuchin said on Fox Business Network it was “questionable” whether some larger companies could make the certifications necessary for the Paycheck Protection Program, and firms needed to look carefully at the certifications they make to the Treasury and the Small Business Administration to get forgivable loans of up to $10 million. The U.S. House of Representatives is set to vote on a new rescue bill that provides another $321 billion to the program aimed at keeping employees at temporarily closed businesses on the payroll after an initial $350 billion ran out in less than two weeks.
