The Democratic staff of the House Coronavirus Crisis Subcommittee issued a report on the Paycheck Protection Program. The report says the PPP has been plagued by waste and fraud and that both lenders and a lack of oversight from the Small Business Administration and the Treasury Department are to blame.
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Lenders, Trump Administration Share Blame for PPP Woes: House Dems
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Related:
Memo from Majority Staff (Democrats): Preliminary Analysis of Paycheck Protection Program Data
SBA Administrator Carranza Blames Lenders for Inaccurate PPP Data
GAO Blasts Trump Administration Implementation of PPP, Says Potential for Fraud is Huge