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New Select Subcommittee Report Reveals How Fintech Companies Facilitated Fraud In The Paycheck Protection Program
The staff report details the poor performance of many financial technology companies in administering the Paycheck Protection Program (PPP), and describes how the investigated companies, despite being tasked with processing PPP applications while screening out those with signs of fraud, abdicated that responsibility—in many cases recklessly—resulting in the approval of large numbers of fraudulent applications. -
Select Subcommittee Details Trump Administration’s Assault On CDC And Politicization Of Public Health During The Coronavirus Crisis
This staff report is the third installment in a series of reports documenting the Select Subcommittee’s findings from its investigation into the Trump Administration’s rampant political interference with the federal public health response to the coronavirus pandemic. -
Select Subcommittee Uncovers Trump White House’s Extreme Pressure Campaigns Targeting FDA’s Coronavirus Response
The report is the second to reveal the Select Subcommittee’s findings from its investigation into the Trump Administration’s political interference with the federal coronavirus response. -
Chairs Clyburn, Maloney Reveal That Quality Failures By Emergent BioSolutions Rendered 135 Million Additional Coronavirus Vaccine Doses Unusable
The rejection of the additional 135 million doses brings the total number of doses wasted due to Emergent BioSolutions’ failure to meet or maintain quality standards to over 525 million. -
Select Subcommittee Reveals Corporate Landlords Used Abusive Tactics To Evict Struggling Americans During Height Of Pandemic
The investigation revealed that four corporate landlords filed a total of 14,744 eviction actions between March 15, 2020, and July 29, 2021—nearly three times more than previously known.
Latest News
Dec
07
Press Release
Washington, D.C. (December 1, 2022) – Today, Select Subcommittee on the Coronavirus Crisis Chairman James E. Clyburn released the following statement on the Small Business Administration’s (SBA) announcement that, based on revelations uncovered by the Select Subcommittee’s recent report on how fintech companies facilitated fraud in the Paycheck Protection Program (PPP), fintechs Blueacorn and Womply have been suspended from working with SBA in any capacity and additional companies and individuals covered in the report will be investigated further.
Dec
01
Press Release
Washington, D.C. (December 1, 2022) – Today, the Select Subcommittee on the Coronavirus Crisis, chaired by Rep. James E. Clyburn, released a staff report detailing the poor performance of many financial technology companies (fintechs) in administering the nation’s largest pandemic relief program, the Paycheck Protection Program (PPP). The report details how the investigated companies, despite being tasked with processing PPP applications while screening out those with signs of fraud, abdicated that responsibility—in many cases recklessly—resulting in the approval of large numbers of fraudulent applications.
Nov
17
Press Release
Washington, D.C. (November 17, 2022) – Today, the Select Subcommittee on the Coronavirus Crisis, chaired by Rep. James E. Clyburn, and the Committee on Oversight and Reform, chaired by Rep. Carolyn B. Maloney, released new evidence that state and federal contractor ID.me inaccurately overstated its capacity to conduct identity verification services to the Internal Revenue Service (IRS) and made baseless claims about the amount of federal funds lost to pandemic fraud in an apparent attempt to increase demand for its identity verification services.
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