Williams Statement on SBA Negligence in Pandemic Program Fraud
Summary
A press release dated June 25, 2023 states that Congressman Roger Williams (R-TX), Chairman of the House Committee on Small Business, issued a statement on the latest Small Business Administration Office of Inspector General (SBA OIG) report on COVID-19 Pandemic EIDL and PPP Loan Fraud. The statement says roughly 1 in 5 loans dispersed were labeled as potentially fraudulent. It says the SBA failed to implement basic guardrails. The headline refers to more than $200 Billion of potentially fraudulent loans, and the statement says Chairman Williams looks forward to hearing from Inspector General Ware in July.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
Cite this document
“Williams Statement on SBA Negligence in Pandemic Program Fraud.”
Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/405629-2023-06-25-chairman-williams-sba-s-negligence-in-pandemic-loa-6a50af4e67/
, SHA-256 478414683a52b04eab05d9331e4d0ce22338aaab2867cfbbb4550d6444e1fb12.Full text
Chairman Williams: SBA’s Negligence in Pandemic Loan Programs Resulted in More Than $200 Billion of Potentially Fraudulent Loans Source(print): https://smallbusiness.house.gov/news/documentprint.aspx?DocumentID=405629 Chairman Williams: SBA’s Negligence in Pandemic Loan Programs Resulted in More Than $200 Billion of Potentially Fraudulent Loans smallbusiness.house.gov Cmte Small Business (R) Contact: Chairman Williams: SBA’s Negligence in Pandemic Loan Programs Resulted in More Than $200 Billion of Potentially Fraudulent Loans Williams Statement on SBA Negligence in Pandemic Program Fraud Washington , June 25, 2023 - WASHINGTON, D.C. – Today, Congressman Roger Williams (R-TX), Chairman of the House Committee on Small Business, issued the following statement regarding the latest Small Business Administration Office of Inspector General (SBA OIG) report on COVID-19 Pandemic EIDL and PPP Loan Fraud. “The latest OIG report on fraud within the pandemic loan programs shows significantly more criminal activity occurred than was previously known,” said Chairman Williams. “These findings show the SBA failed to implement basic guardrails to protect the integrity of these programs, resulting in roughly 1 in 5 loans dispersed being labeled as potentially fraudulent. When COVID-19 hit the United States, the SBA was tasked with taking on an oversized role to help save small businesses and our nation’s job creators. Unfortunately, these after-action reports show the agency was not up to the task. I look forward to hearing directly from Inspector General Ware in July on what went wrong, how to fix these issues, and what recourse we must take to recoup these stolen taxpayer dollars.” Read the full report here . ###
File and source
- File
- 405629_2023-06-25_chairman-williams-sba-s-negligence-in-pandemic-loa.txt
- Size
- 1,776 bytes
- SHA-256
- 478414683a52b04eab05d9331e4d0ce22338aaab2867cfbbb4550d6444e1fb12
- Original
- No public link identified.