Hi, I'm Dan from Mac, and welcome to Axios Recap, presented by Facebook.

Today is Wednesday, June 17th.

Tesla registrations in California are down.

Prospects for a Major League Baseball season are a little bit up, and we're focused on why we still don't know who got hundreds of billions of dollars of coronavirus bailouts.

Since early April, the federal government has lent out more than half a trillion dollars. hundreds of billions of dollars of coronavirus bailouts.

Since early April, the federal government has lent out more than half a trillion dollars

to small businesses that were negatively impacted by COVID-19, trillion with a T.

Some of those loans went to big restaurant chains or tech companies you might have heard

of, but most went to what most of us think of as small businesses, things like local hardware stores or bookshops, plus a slew of nonprofits.

Even independent contractors like Uber drivers and DoorDashers got paid.

But there's two things that all loan recipients have in common.

First, their loans are forgivable, so long as they were mostly spent to keep people on payroll.

Second, unless the business announced that they got a PPP loan, the public still doesn't know

about it. Last week, Treasury Secretary Steve Mnuchin told people that he doesn't want the

small business administration to release the names of PPP loan recipients, or how much they got.

His basic argument is that such disclosures could put small

businesses at a competitive disadvantage because it would kind of sort of let their payroll

totals become public information. Congress isn't thrilled with this on a bipartisan basis.

Republican Senator Marco Rubio has argued that at least recipients of large loans, maybe above a

couple million dollars,

should be disclosed.

And today, Democratic Virginia Congresswoman Jennifer Wexton wrote a letter, co-signed by 34

...