The Small Business Administration disbursed approximately $1.2 trillion during the pandemic.
Senator Joni Ernst of Iowa has introduced legislation to require the Small Business Administration to “collect all of the COVID funds owed to taxpayers and investigate all suspected fraud.”
The Inspector General of the SBA had reported on June 27 that up to $200 billion in suspected fraud from 4.5 million pandemic recovery grants had been given to scammers and fraudsters. Another group reported that nearly 70,000 dubious Social Security numbers had been used to obtain relief amounting to $5.4 billion.
Prior to introducing the bill, Senator Ernst said, “SBA’s fast fraud, made to order, allowed criminals to go on COVID spending sprees while thousands of deserving businesses in Iowa were left to fend for themselves.”
“SBA should be focused on recovering ALL our wasted tax dollars. I will keep fighting to bring accountability to Washington,” she added.
As the Lord Leads, Pray with Us…
- For Senator Ernst as she seeks to hold the SBA accountable for distributing COVID aid to scammers.
- For wisdom for members of the Senate as they consider the legislation.
- For Administrator Isabel Guzman as she heads the Small Business Administration.
Sources: Daily Caller, Small Business Administration
