The Trust Nest
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
    Popular Topics
    • While North Korea denied Covid-19 cases, the virus was widespread and barely treated, report says
    • India and Canada signal a reset of relations nearly two years after assassination of Sikh separatist
    • Biden-appointed judge blocks Trump’s move to only allow two genders on US passports
    • Key Republican vows Israel has ‘bipartisan support’ in Congress amid worsening Iran conflict
    • Thune warns Iran should return to negotiating table ‘if they’re smart’
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting
    The Trust Nest
    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy
    • Latest News

    Top Republican urges new SBA chief take ‘DOGE’ actions against Biden-era electioneering, COVID loan claims

    • February 20, 2025

    The top Republican on the House Committee on Small Business is calling for President Donald Trump’s new Small Business Administration (SBA) chief to do what he says the Biden administration wouldn’t – and provide answers on alleged taxpayer-funded electioneering in swing states and the failure to actively recoup fraudulent or misappropriated COVID relief funds.

    Rep. Roger Williams, R-Texas, chair of the House Committee on Small Business, told Fox News Digital Thursday his committee has sounded the alarm on how the Biden administration ‘moved the [SBA] far away from its intended mission: serving Main Street America.’

    Williams recalled how the House Small Business Committee had been ‘stonewalled’ in multiple requests for information on how the SBA was working under a 2021 Biden executive order on ‘promoting access to voting’ when it forged a ‘memorandum of understanding (MOU)’ with Michigan election officials.

    In the committee’s letter to SBA Administrator Kelly Loeffler being sent later Thursday, the panel will note Trump rescinded the Biden order, but remains ‘deeply troubled by the lack of transparency from the Biden-Harris SBA and looks forward to working with you to determine what impact this may have had on the 2024 election.’

    The letter will also alert Loeffler to several Biden-era rule changes they believe present an ‘immediate threat’ to its small-business-lending portfolio.

    As for allegations the previous SBA leadership punted on recovering misallocated COVID aid, the letter invokes Trump’s DOGE endeavors and floats a project to investigate fraud and recover the funds, which they characterize as a prime example of how Loeffler can assist that cause.

    ‘It is estimated that across the SBA’s COVID-19 lending programs, approximately $200 billion went to potentially fraudulent recipients,’ the letter said, while also noting the Biden SBA ‘unilaterally decided’ to suspend delinquent disaster loan and PPP collections for loans under $100,000.

    ‘The Committee is interested in determining the Biden-Harris SBA’s rationale for this decision and seeks to understand the impact this had on the ability of law enforcement to track and prosecute fraud,’ the committee wrote.

    Last year, Williams issued a rare committee subpoena for staff travel calendars and more information from the SBA seeking to discern whether or how taxpayer money was potentially being spent to register voters in heavily Democratic areas in Michigan under the MOU.

    Democrats on the panel, however, have long criticized the GOP majority’s machinations:

    ‘Unfortunately, with [these Michigan/MOU] subpoenas, Republicans have rejected these principles to pursue a partisan inquiry,’ ranking member Nydia Velazquez, D-N.Y., told Fox News Digital.

    <!–>

    While the Biden-era SBA maintained they did nothing wrong, Williams persisted in trying to conduct congressional oversight of the alleged electioneering. Similar could be said for the committee’s efforts to probe the SBA’s position on recouping the problematic COVID aid amounts.

    ‘The Committee looks forward to working with Administrator Loeffler and the Trump Administration to return credibility and transparency to the SBA,’ Williams said Thursday.

    ‘Together, we will ensure small businesses have a voice in our government and bring the Golden Age of America to Main Street.’


    This post appeared first on FOX NEWS
    –>
    Related Topics
    • Featured

    Previous Article
    • Latest News

    Susan Collins vows to oppose Trump FBI director nominee Kash Patel ahead of critical vote

    • February 20, 2025
    View Post
    Next Article
    • Latest News

    ‘Death of DEI’: GOP senator expected to take victory lap against ‘wokeness’ in CPAC speech

    • February 20, 2025
    View Post
    Enter Your Information Below To Receive Trading Ideas and Latest News

      Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
      Popular Topics
      • While North Korea denied Covid-19 cases, the virus was widespread and barely treated, report says
      • India and Canada signal a reset of relations nearly two years after assassination of Sikh separatist
      • Biden-appointed judge blocks Trump’s move to only allow two genders on US passports
      • Key Republican vows Israel has ‘bipartisan support’ in Congress amid worsening Iran conflict
      • Thune warns Iran should return to negotiating table ‘if they’re smart’
      • About us
      • Contacts
      • Privacy Policy
      • Terms and Conditions
      • Email Whitelisting
      Copyright © 2025 thetrustnest.com | All Rights Reserved

      Input your search keywords and press Enter.