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Kelly Loeffler: “Under Obama, it really started with operation choke point…”

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 13:39

We're really like the private sector side of the government. We have the connection to the small businesses, to the banks. So we were honored to lead that charge. But we know that Under Obama, it really started with operation choke point 1.0, where they started defunding, debanking, disfavored people. and they even went as far under the Biden administration to put it into the regulatory apparatus so that you'd be penalized as a regulated entity. (13:39–13:50)

CLAIM

Asserts that Operation Choke Point 1.0 under Obama initiated debanking and defunding of disfavored groups.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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