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Kelly Loeffler: “We have an investigation, a 15 year look back audit going…”

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 25:42

So this is every year. So it's a huge cost to the American people when these programs are defrauded. So we have a whole path, we're cracking down on that. We have an investigation, a 15 year look back audit going on. and then we have, right now we've requested three years worth of information, because in that program's 45 year history, it's never been audited. (25:42–25:47)

CLAIM

Asserts an ongoing 15-year look-back audit investigation.

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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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