06/13/2022
https://congress.gov...
"The SBA's Inspector General has already flagged this program for potentially $80 to $90 billion in fraudulent loan activity."
"Going forward the SBA will be conducting independent outreach and audits on lenders who have not actively communicated to borrowers on the availability of forgiveness."
"Unfortunately, the SBA's Inspector General has flagged this program as one that has experienced an increased level of fraud and activity."
"Today's slate of bills accomplishes this."