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ICYMI: Luetkemeyer Sends Letter to Administrator Guzman Urging SBA Oversight Increase on EIDL Grant Programs
WASHINGTON, D.C. – In case you missed it, last Friday, Ranking Member Luetkemeyer (R-MO) sent a letter to Administrator Isabel Guzman urging the Small Business Administration (SBA) to increase oversight on the Economic Injury Disaster Loan (EIDL) grant programs. As the COVID-19 pandemic has presented unprecedented challenges to our nation's small businesses, the SBA must ensure that taxpayer dollars are protected from waste, fraud, and abuse. Excerpts and the link to the full letter can be found below.
"Numerous reports from the SBA’s Office of Inspector General (OIG) and the U.S. Government Accountability Office (GAO) have warned of significant fraud concerns within the EIDL program and its corresponding grant offerings. Unfortunately, forthcoming reports that are due to be published in the coming weeks will continue to shed light on the fact that the EIDL programs remain a target for fraudulent activity. This is unacceptable.
"The SBA has an enormous responsibility to deliver funding to small businesses struggling through this pandemic. However, oversight and anti-fraud measures must not be shortchanged. Hard-earned American taxpayer dollars must be safeguarded within these programs."
The link to the full letter can be found HERE.
"Numerous reports from the SBA’s Office of Inspector General (OIG) and the U.S. Government Accountability Office (GAO) have warned of significant fraud concerns within the EIDL program and its corresponding grant offerings. Unfortunately, forthcoming reports that are due to be published in the coming weeks will continue to shed light on the fact that the EIDL programs remain a target for fraudulent activity. This is unacceptable.
"The SBA has an enormous responsibility to deliver funding to small businesses struggling through this pandemic. However, oversight and anti-fraud measures must not be shortchanged. Hard-earned American taxpayer dollars must be safeguarded within these programs."
The link to the full letter can be found HERE.
