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Chairman Williams Questions Small Business Administration's Decision to Not Account for Taxpayer Dollars
WASHINGTON, D.C. – Today, Chairman Roger Williams (R-TX) issued the following statement regarding the Small Business Administration’s (SBA) decision to end collection on purchased Paycheck Protection Program (PPP) loans with an outstanding balance of $100,000 or less.
“The Small Business Administration’s decision raises fundamental questions about the proper stewardship of American taxpayer dollars,” said Chairman Williams. “During the COVID-19 pandemic, the SBA issued nearly $800 billion in loans to almost 12 million businesses, and unfortunately there were many criminal opportunists that defrauded this pandemic assistance program. Americans must be assured that these actions by the SBA are not letting bad actors off the hook by failing to scrutinize this large number of loans.”
“The Small Business Administration’s decision raises fundamental questions about the proper stewardship of American taxpayer dollars,” said Chairman Williams. “During the COVID-19 pandemic, the SBA issued nearly $800 billion in loans to almost 12 million businesses, and unfortunately there were many criminal opportunists that defrauded this pandemic assistance program. Americans must be assured that these actions by the SBA are not letting bad actors off the hook by failing to scrutinize this large number of loans.”
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