Preventing Fraud and Abuse of PPP and EIDL: An Update with the SBA Office of Inspector General and the Government Accountability Office | Committee Repository | U.S. House of Representatives
Summary
This Committee Repository notice announces a hybrid hearing titled "Preventing Fraud and Abuse of PPP and EIDL: An Update with the SBA Office of Inspector General and the Government Accountability Office" before the Subcommittee on Investigations, Oversight, and Regulations of the Committee on Small Business, on Thursday, October 1, 2020. The Subcommittee was to discuss the July 28, 2020 Management Report from the SBA Office of Inspector General and COVID-19 reports from GAO, which the notice says detail a lack of internal controls and potential for fraud in EIDL and PPP. Witnesses were SBA Inspector General Hannibal "Mike" Ware and William Shear of GAO.
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“Preventing Fraud and Abuse of PPP and EIDL: An Update with the SBA Office of Inspector General and the Government Accountability Office | Committee Repository | U.S. House of Representatives.”
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Hearing: Preventing Fraud and Abuse of PPP and EIDL: An Update with the SBA Office of Inspector General and the Government Accountability Office Subcommittee on Investigations, Oversight, and Regulations (Committee on Small Business) Thursday, October 1, 2020 (10:00 AM) Meeting was rescheduled to the time and date listed above. 2360 RHOB Washington, D.C. The Committee on Small Business Subcommittee on Investigations, Oversight, and Regulations will hold a hybrid hearing titled, “Preventing Fraud and Abuse of PPP and EIDL: An Update with the SBA Office of Inspector General and the Government Accountability Office.” The hearing is scheduled to begin at 10:00 A.M. on Thursday, October 1, 2020 in Room 2360 of the Rayburn House Office Building. Participating members can also join remotely via CISCO Webex. The Subcommittee will meet to discuss the July 28, 2020 Management Report from the SBA Office of Inspector General (OIG) and the COVID-19 reports from the Government Accountability Office (GAO). The reports detail a lack of internal controls and potential for fraud within SBA’s Economic Injury Disaster Loan (EIDL) program and Paycheck Protection Program (PPP). The hearing will give Members the opportunity to discuss OIG and GAO’s findings and determine if SBA’s response to these reports is consistent with their recommendations or if more work needs to be done to prevent fraud, waste, and abuse. Witnesses Mr. Hannibal "Mike" Ware Inspector General, Office of the Inspector General, United States Small Business Administration, Washington, DC - Witness Statement [ PDF ] Added 10/07/2020 at 09:39 AM Mr. William Shear Director, Financial Markets and Community Investment, United States Government Accountability Office, Washington, DC - Witness Statement [ PDF ] Added 10/07/2020 at 09:39 AM Hearing Record - Hearing Notice [ PDF ] - Hearing: Witness List [ PDF ] First Published: September 24, 2020 at 09:26 AM Last Updated: October 7, 2020 at 09:39 AM
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