A firm co-owned by House Speaker Nancy Pelosi’s husband was among the many lawmaker-linked businesses that got Paycheck Protection Program loans, according to data released Monday.
Companies owned by or associated with Reps. Mike Kelly (R-Pa), Kevin Hern (R-Okla.), Markwayne Mullin (R-Okla.) and Rick Allen (R-Ga.) also received the coronavirus loans. Businesses linked to Reps. Roger Williams (R-Texas), Vicky Hartzler (R-Mo.), Susie Lee (D-Nev.) and Debbie Mucarsel Powell (D-Fla.) previously reported they got loans.
Pelosi spokesman Drew Hammill said that her husband Paul Pelosi is “an investor. So, he was not aware the loan was applied for.”
According to Pelosi’s mandatory disclosure forms, Paul Pelosi owns a stake of between a quarter and half-million dollars in EDI Associates, which invests in the El Dorado Hotel in Sonoma, Calif. EDI Associates got a loan between $350,000 and $1 million.
PPP loans can be converted into grants if companies with up to 500 employees, and in cases more, spend 60 percent on payroll. In two deals brokered in part by Pelosi, Congress overwhelmingly approved $670 billion for the program.
Spokespeople for Kelly, whose car dealerships got between $450,000 an $1.05 million, and for Allen, whose construction firm got between $350,000 and $1 million, also said they were uninvolved in seeking loans.
Mullin, whose plumbing companies got $800,000 to $2.05 million, and Hern, whose McDonald’s franchises got between $1 million and $2 million, did not immediately respond to requests for comment.
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