Dan Meuser

So I want to continue with the Chairman again speaking about earlier related to fraud issues, billions and billions from, as you well know EIDL and the PPP, and not assigning any blame, but we certainly want to avoid this in the future.

I am just not sure, frankly, how effective this is going to be for the purpose that you are seeking, because it is a noble one, national security.

There is too much information, a government organization I have never heard of. I will close my business first.

I just feel that this is a very broad net, heavy-handed approach to trying to gain information from those who are in the business of defrauding or are involved in criminal activity.

Our revenues in the United States of America have increased almost 40 percent in the last 5 years, $5 trillion versus 3.5 trillion.

The Basel III proposal... will restrict.

We are a country of entrepreneurs. That is what grew our country.

We have data that shows only 20 percent of small businesses feel they have adequate access to capital.

I am glad at least Governor Shapiro stood up and called it for what it was.

The prosecution rate for crime is under 30 percent for crimes, right? In San Diego and Miami, it is over 65 percent.

What shouldn't be difficult is understanding what the problem is and how to address it.

I understand that there was a recommendation by the IG to recover more than 800,000 probably spent funds from the program.

Every American does not deserve taxpayer dollars that get wasted.

I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: At the end of the bill (before the short title), insert the following: Sec. __. None of the funds made…

It is laughable. Right?

It is called American innovation. It is called entrepreneurship.

It is always enjoyable, it seems, to talk about football, particularly in the middle of the day or late morning on a Wednesday.

Regulations are not helpful.

Higher taxes make American businesses and certainly American farms less competitive.

So many actions of the SEC trouble me, including the pace of rulemaking, limited comment periods, aggressive implementation timelines, and the lack of responsiveness to congressional concerns.

As we discussed earlier in our hearing last week, the SBA's inspector general detailed in his report that $200 billion of pandemic loan dollars were potentially obtained fraudulently.

To close, Mr. Chairman and Members, I want to say to all the fraudsters and thieves that stole our money, we are coming after you.

I am fired up to introduce the PPP/EIDL Fraud Report Act of 2023, alongside my good friend from Maryland, Mr. Mfume.

Representative Meuser will lead us.

We need to get into shape. We are getting ourselves out-of-shape, and we need to be serious about being the strongest economy in the world.