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Kelly Loeffler @SBA_Kelly - Today, the SBA referred 562,000 borrowers to @USTreasury for collection on $22.2 BILLION in potentially fraudulent pandemic-era loans, marking the LARGEST debt referral in SBA history.
The action ends a yearslong de facto amnesty scheme by the Biden SBA, which refused to refer the portfolio to either Treasury or DOJ, even though the loans were both delinquent and internally flagged for suspected fraud.
Under the protection of the Biden Administration, none of the borrowers were compelled to repay their debts and fewer than 1,000 faced any inquiry from law enforcement until today.
This historic referral would not have been possible without the strong support of the White House Anti-Fraud Task Force. SBA is deeply grateful for the leadership of @VP, @AFergusonFTC, and the partnership of both Treasury and DOJ - which now has the files for review.
At the SBA, we will continue working to claw back every dollar of PPP and COVID EIDL funding owed to American taxpayers. And we will work in lockstep with the Task Force to bring accountability to every criminal who defrauded America’s small businesses.
https://www.foxbusiness.com/fox-news-politics/biden-admin-deliberately-protected-562k-pandemic-era-loans-22-2b-suspected-fraud-scheme-sba-vance
https://x.com/SBA_Kelly/status/2047785928073294163

Kelly Loeffler @SBA_Kelly - AGS Additive Manufacturing in Fort Worth is a 3rd-generation, family-owned, veteran-owned company that builds everything from aerospace products to medical parts.
The best part is, they proudly make it all right here in the USA!
https://x.com/SBA_Kelly/status/2047435468686446923

Kieghan Nangle @kieghannangle - One last afternoon for while on Pebble Beach on America Reports with @SandraSmithFox & @johnrobertsFox for @PressSec
https://x.com/kieghannangle/status/2047748894885310833

Kush Desai @KushDesai47 - Photo: Obama Mic Drop