Ernst, Williams Extend Pursuit of COVID Fraudsters After Biden Dropped the Ball

WASHINGTON – After a shockingreportrevealed that the Biden Small Business Administration (SBA) failed to pursue nearly two million individuals suspected of stealing pandemic aid, U.S. Senate Committee on Small Business and Entrepreneurship Chair Joni Ernst (R-Iowa) and House Committee on Small Business Chair Roger Williams (R-Texas) are introducing theSBAFraud Enforcement Extension Act.
The bill extends the statute of limitations to 10 years for fraud surrounding the Shuttered Venue Operators Grant (SVOG) and the Restaurant Revitalization Fund (RRF) COVID relief programs to ensure criminals are caught and held accountable. Similar action was taken in2022to extend the statute of limitations surrounding the Paycheck Protection Program (PPP) and COVID Economic Injury Disaster Loans (EIDL) to 10 years.
“I will not allow criminals to run out the clock and escape justice simply because the Biden administration was asleep at the wheel,”said Ernst.“Thousandsof hardworking small businesses were deprived of desperately needed relief because swindlers, gang members, and felons cashing in on COVID drained the programs. Every single con artist who stole from taxpayers will be held accountable.”
“The SBA distributes millions of dollars to small businesses in need every year. However, where small business owners found the capital needed to stay afloat during the COVID-19 pandemic, bad actors saw the opportunity to defraud the government,”said Williams.“It is imperative that every fraudster who stole and exploited taxpayer dollars during our nation’s utmost hour of need be prosecuted to the full extent of the law. As we approach the five-year anniversary of the pandemic and its lockdowns, the statute of limitations must be extended to ensure that no fraudster gets away scot-free.”
While criminals cashed in, thousands of small businesses inIowa,Texas, andacross the countrywere left out in the cold as RRF funds ran out.
Business Insiderreportedthat celebritiesreceived taxpayer funds through the SVOG programfor private jets, parties, luxury clothes, and multi-million dollar bonuses for themselves.
Background:In a comprehensive 2023report, Ernst outlined the Biden SBA’s effort to discount the full extent of fraud and cast doubt on the legitimate estimates made by expert investigators.
Ernst’s tireless advocacyforcedthe Biden administration to eventually take action to recover billions in COVID aid in January 2024.
###