Preventing Fraud and Abuse of PPP and EIDL: An Update with the SBA Office of Inspector General and the Government Accountability Office
0 Thursday, October 01, 2020 @ 10:00
The Subcommittee will meet to discuss the July 28, 2020 Management Report from the SBA Office of Inspector General (OIG) and the COVID-19 reports from the Government Accountability Office (GAO). The reports detail a lack of internal controls and potential for fraud within SBA’s Economic Injury Disaster Loan (EIDL) program and Paycheck Protection Program (PPP). The hearing will give Members the opportunity to discuss OIG and GAO’s findings and determine if SBA’s response to these reports is consistent with their recommendations or if more work needs to be done to prevent fraud, waste, and abuse.
To view a livestream of the hearing, please click here.
Mr. Hannibal “Mike” Ware
Office of the Inspector General
United States Small Business Administration
Mr. William Shear
Financial Markets and Community Investment
United States Government Accountability Office