I do want to thank you as well for the letter that was sent back to Chairman Cardin and I.

Fraud in ineligible firms were supposed to be flagged and recouped on the back end through the forgiveness process, yet the Biden administration has forgiven $754 billion, or 92 percent of all PPP loans.

Congress did not authorize a permanent change to larger 7(a) loans for affiliation or underwriting criteria because of COVID programs.

Fraud in ineligible firms were supposed to be flagged and recouped on the back end through the forgiveness process, yet the Biden administration has forgiven $754 billion, or 92 percent of all PPP loans.

But we do not want to conflate the 504 program with our 7(a).

That raises concerns with me because we have had that 40-year moratorium.

A primary focus of the agency should be to aid in the recovery of the more than $100 billion in fraudulent and improper loans made through the SBA COVID relief programs.

That raises concerns with me because we have had that 40-year moratorium.

But we do not want to conflate the 504 program with our 7(a).

Will the final rule eliminate our credit analysis, the control and management affiliation test...

I would love some follow-up. My staff had sent questions about Express several months ago...

Will the final rule eliminate our credit analysis, the control and management affiliation test...

Congress did not authorize a permanent change to larger 7(a) loans for affiliation or underwriting criteria because of COVID programs.

A primary focus of the agency should be to aid in the recovery of the more than $100 billion in fraudulent and improper loans made through the SBA COVID relief programs.

A critical commitment I received from Mr. Syed is to prioritize fraud detection and prevention, which is among the greatest obstacles facing the SBA.

I hope that this has been a one-off situation, but I think it is encouraging many of those institutions to go back and relook what their practices are.

I do want to thank you as well for the letter that was sent back to Chairman Cardin and I.

A critical commitment I received from Mr. Syed is to prioritize fraud detection and prevention, which is among the greatest obstacles facing the SBA.

We are concerned about the SBDCs and the field offices.

I do want to caution because I know we do hear from, if you look at the 504 program, those lenders do support the changes in the underwriting because it does help streamline and provide efficiency in their program.

Fraud in ineligible firms were supposed to be flagged and recouped on the back end through the forgiveness process, yet the Biden administration has forgiven $754 billion, or 92 percent of all PPP loans.

I hope that this has been a one-off situation, but I think it is encouraging many of those institutions to go back and relook what their practices are.

A primary focus of the agency should be to aid in the recovery of the more than $100 billion in fraudulent and improper loans made through the SBA COVID relief programs.

I think the SBA Express, you have brought that up a few times now, and you said that you have the data to justify the underwriting through SBA Express.

When the credit market tightens we have historically seen a higher volume of SBA lending.