Treasury Secretary Steven Mnuchin said on Wednesday that he strongly supported further legislation to provide more relief to the economy but added that the aid must be more targeted to help specific businesses and industries that are struggling.

During a hearing with the Senate Small Business Committee, Mnuchin said that unemployment was still very high and that the administration wanted to work on further incentives to decrease it. The Treasury chief said he was open, for example, to changes to the small business relief aid known as the Paycheck Protection Program, as well as new tax credits.