We had some of our IGs, offices of our IGs and in front of our committee last month, and what they said was shocking. How much money has gone out fraudulently, how much has been sent out of the country? We're not. What we've had the Small Business Administration do is if those loans, if those amounts were under 100,000, they're just dropping them. And that's billions, billions of dollars that were fraudulently given away that we're, what I've heard is we're never going to get back. (21:57–22:05)
CLAIM
Asserts that the Small Business Administration is dropping loans under $100,000.
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