New York’s Strand Bookstore, Owned by Dem Sen. Ron Wyden’s Wife, to Repay Nearly $1.5M After Improperly Receiving PPP Loan

TRANSCRIPT:

REPORTER: "Right now, thought, it is 4:45. New York Strand bookstore, they're gonna have to pay nearly $1.5 million to settle federal civil suit over a Covid era loan. U.S. Attorney’s office says the Strand received nearly a million-dollar loan under the Paycheck Protection Program. However, that law barred the spouse of a sitting member of Congress from receiving the loan. The Strand's owner, Nancy Bass Wyden, she's the wife of Oregon senator, Democrat Ron Wyden. In its statement to CNBC, the Strand says that mistake was unintentional."