Letter to SBA Administrator Guzman

Summary

This March 15, 2023 release says Chairman Roger Williams (R-TX) issued a statement regarding the Small Business Administration's decision to end the collection on purchased Paycheck Protection Program (PPP) loans with an outstanding balance of $100,000 or less. Williams is quoted saying the decision raises fundamental questions about the proper stewardship of American taxpayer dollars. Williams is quoted saying the SBA issued nearly $800 billion in loans to almost 12 million businesses during the pandemic, and that criminal opportunists defrauded the program. The release points to a full letter.

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Full text

Chairman Williams Questions Small Business Administration’s Decision to Not Account for Taxpayer Dollars
Source(print): https://smallbusiness.house.gov/news/documentprint.aspx?DocumentID=405476

Chairman Williams Questions Small Business Administration’s Decision to Not Account for Taxpayer Dollars 

 smallbusiness.house.gov 

 Cmte Small Business (R) 

 Contact: 

 Chairman Williams Questions Small Business Administration’s Decision to Not Account for Taxpayer Dollars 

 Letter to SBA Administrator Guzman 

 Washington ,
 March 15, 2023 
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 WASHINGTON, D.C. – Today, Chairman Roger Williams (R-TX) issued the following statement regarding the Small Business Administration’s (SBA) decision to end the collection on purchased Paycheck Protection Program (PPP) loans with an outstanding balance of $100,000 or less. 
 “The Small Business Administration’s decision raises fundamental questions about the proper stewardship of American taxpayer dollars,” said Chairman Williams. “During the COVID-19 pandemic, the SBA issued nearly $800 billion in loans to almost 12 million businesses, and unfortunately there were many criminal opportunists that defrauded this pandemic assistance program. Americans must be assured that these actions by the SBA are not letting bad actors off the hook by failing to scrutinize this large number of loans.” 
 Full letter can be found, here . 
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