Senators Probe Whether Banks Denied Coronavirus Relief to Gun, Energy Businesses

Republican senators are launching a new inquiry into the troubled coronavirus relief program to ensure that banks are not discriminating against small businesses in the gun and energy industries among others.

A group of 19 GOP lawmakers sent a letter to the Small Business Administration, Treasury Department, and Federal Reserve late on Tuesday to ensure that banks are not withholding loans from certain industries. The senators, led by Kevin Cramer (R., N.D.), expressed concerns that some of the biggest banks administering the Paycheck Protection Program have previously refused to do...