Vance says those suspected of defrauding COVID-era programs barred from future federal loans
Vice President JD Vance announced on Monday that people suspected of defrauding COVID-era programs will be barred from future federal loans.
Vice President JD Vance announced on Monday that the Trump administration will suspend approximately 870,000 individuals suspected of defrauding pandemic-era small business programs from receiving future federal loans. Vice President Vance stated that those who deceived the American taxpayer should no longer be eligible for government-backed loans.
The Justice Department's nationwide crackdown on fraud involving COVID-19-era Paycheck Protection Program resulted in actions involving more than 160 defendants and roughly $245 million in intended losses to taxpayers.
Written by urgent.news from CBS News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
