The House Committee on Small Business will start marking up two bills on Thursday aimed at recovering pandemic funds that were stolen and holding fraudsters accountable.
If passed, the link must be visible on the SBA's website within 30 days.
Williams told Fox News Digital that the SBA allowed criminals to take advantage of the system by not implementing protections. "When COVID-19 hit the United States, the SBA was tasked with taking on an oversized role to help save small businesses and our nation’s job creators. Unfortunately, the SBA failed to properly implement basic guardrails to protect these programs that allowed opportunistic criminals to take advantage of these emergency lending programs," said Chairman Williams.
A 'Help Wanted' sign is posted beside Coronavirus safety guidelines in front of a restaurant in Los Angeles, California on May 28, 2021. - Following over a year of restrictions due to the coronavirus pandemic, many jobs at restaurants, retail stores"In the rush to swiftly disburse COVID-19 EIDL and PPP funds, SBA calibrated its internal controls.
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