Sec. Mnuchin Says Supports Extending PPP to Hard-Hit Businesses

The transcript discusses the approval and repurposing of PPP loans, highlighting legislative support and the need to extend these programs to aid businesses hit hardest by economic downturns. It emphasizes the importance of quick financial support and bipartisan efforts to repurpose $135 billion for PPP, focusing on businesses with significant revenue drops, such as restaurants and hotels.

What is the proposed focus for policymakers regarding the repurposing of funds?

What types of businesses are identified as most hard hit and in need of support?