On the recordMay 17, 2022
The SBA's Inspector General has already flagged this program for potentially $80 to $90 billion in fraudulent loan activity.
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congress.govThe SBA's Inspector General has already flagged this program for potentially $80 to $90 billion in fraudulent loan activity.
Luetkemeyer raises concerns about fraud in the EIDL program.
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This elevated rate did not happen out of the blue. It has been rapidly rising for the last year.
For instance, the latest number that I saw yesterday was $8,600 is what it is costing more for people to live this year than last year.
We have a job to do. We have to take that responsibly and do our job responsibly and hold people accountable.
Thank you, Madam Chair. And thank you for convening the Committee meeting this morning.