Senator Blackburn requested the report that detailed the funding. The Government Accountability Office (GAO) recently found that Planned Parenthood had received $1.78 billion in pandemic relief funds from…
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SBA Announces COVID Fraud of Over $200 Billion
Inspector general cites a lack of controls on the distribution of emergency funds as the cause. The Office of the Inspector General of the Small Business Administration said…
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$5.4 Billion in “Questionable” COVID-19 Loans Reported
House committee holds hearing on mismanagement, fraud, and wasted funds. The Pandemic Response Accountability Committee reports it has “identified 69,323 Social Security numbers used to obtain $5.4 billion…
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Secret Service Recovers Stolen Unemployment
$2 billion in benefits returned from funds stolen during the pandemic. More than $2 billion in stolen unemployment benefits over the course of the COVID-19 pandemic have been…
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Senate Extends Paycheck Protection Program
Small businesses may apply for loans through May. On Thursday, the Senate passed legislation extending the small-business program created last year by Congress. They voted 92-7 to extend…
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SBA Administrator Nominee Confirmed
Senate votes in favor of former California Small Business Advocate. The U.S. Senate voted 81-17 to confirm Isabel Guzman as the administrator of the Small Business Administration (SBA)…
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President Biden Visits DC Hardware Store
Promotes PPP loans to smaller businesses. On Tuesday, in an effort to promote the value of the Paycheck Protection Program, President Biden visited a hardware store in Washington,…
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Paycheck Protection Program Reopens Monday
Initial opportunity will be given to first-time borrowers. Last month, Congress authorized $284 billion to provide forgivable loans to small businesses as part of its broader $900 billion…
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Small Business Relief Being Considered by White House
An executive order would circumvent Congress. The White House is considering executive action to help small businesses by extending an expired loan relief program or providing other financial…
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PPP Loans Saved as Many as 3.2 Million Jobs
New study was conducted by MIT and Federal Reserve. The Paycheck Protection Program (PPP), a centerpiece of the Trump Administration’s economic response to the coronavirus pandemic, through hundreds…
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