Better Markets and 16 other public interest groups are concerned that private equity firms may be seeking access to the Main Street Lending Program by lobbying for weakened affiliation rules for the program or through the use of shell companies. Granting these firms access to taxpayer funds would enrich their already wealthy shareholders while doing little to help workers, preserve jobs or support the real economy. We urge the Federal Reserve to take all appropriate steps to ensure that public funds are not misused or misallocated. Read the full letter here or by clicking the button below.
August 13, 2020
Better Markets Partners with Other Public Interest Groups to Express Concern About the Main Street Lending Program