Report: Senator Ted Cruz got $35 million for billionaire fracking donors in last COVID-19 relief aid.
ProFrac Holdings owned by the Wilks brothers applied for the loan and received the pandemic aid for $35 million, just as the company was going on a shopping spree, buying small oil and gas companies, The Wall Street Journals' Ted Mann and Brody Mullins reports. A critical factor in the loan application was Cruz, who reportedly helped persuade the Trump administration and the Federal Reserve to change the rules for pandemic loans to ensure that oil and gas firms could benefit.Report: Cruz procured $35M in COVID-19 aid for billionaire donors
The Wall Street Journal reports Cruz helped tweak aid to get $35 million for Texas...
www.chron.com