On March 15, the SBA Office of the Inspector General published a report identifying $692 million in duplicate PPP loans. This confirmed earlier findings made by the House Select Subcommittee on the Coronavirus Crisis in September 2020. In response to the report, Select Subcommittee Chair James Clyburn (D-SC) said, “Today’s report is yet more evidence of the Trump Administration’s poor implementation of PPP, which ignored the intent of Congress by failing to get vital assistance to the neediest small businesses. I look forward to continuing work with the SBA Inspector General and the Biden-Harris Administration to improve the effectiveness, efficiency, and equity of the pandemic response.”
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