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Kelly Loeffler: “Socially and economically disadvantaged contracts are…”

Featuring: Kelly Loeffler, Republican | Administrator, U.S. Small Business Administration | National

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$400 Million in Loans Being Investigated for Fraud | SBA Chief Kelly Loeffler

Published | Video Starts at 26:17

So now this federal contracting happens at every single agency in the federal government. So this isn't just an SBA issue. This is at Department of War, Department of Treasury, Department of Education. So these Socially and economically disadvantaged contracts are awarded right now to about 4,300 firms. Well, we know based on the preliminary audit we've done, is that there's a lot of fraud in those programs. So we sent a letter to every single person. (26:17–26:25)

CLAIM

Asserts that 4,300 firms currently receive socially and economically disadvantaged contracts.

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