Chairman Williams Questions Small Business Administration’s Decision

Summary

A House Committee on Small Business press release dated March 15, 2023, tagged Increase Oversight & Transparency, carrying a statement by Chairman Roger Williams (R-TX) with a letter to SBA Administrator Guzman. The statement concerns the Small Business Administration's decision to end the collection on purchased Paycheck Protection Program loans with an outstanding balance of $100,000 or less. Williams says the decision raises fundamental questions about the proper stewardship of American taxpayer dollars. The statement says the SBA issued nearly $800 billion in loans to almost 12 million businesses during the COVID-19 pandemic and that Americans must be assured these actions are not letting bad actors off the hook.

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“Chairman Williams Questions Small Business Administration’s Decision to Not Account for Taxpayer Dollars | House Committee on Small Business.” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/chairman-williams-questions-small-business-administration-s-decision-t-93fe04fcb0/, SHA-256 02064378e2a0e8ca92d715e2a13996a465c99bab9e5d1fddabbfed92a5f941eb.

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Press Releases

Chairman Williams Questions Small Business Administration’s Decision to Not Account for Taxpayer Dollars Letter to SBA Administrator Guzman Washington,
 March 15, 2023 Tags: Increase Oversight & Transparency 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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