
Vice President JD Vance announced a crackdown on individuals who defrauded the federal loan program, targeting the Small Business Administration's Paycheck Protection Program and Economic Injury Disaster loans.
The crackdown aims to bar roughly 870,000 fraudsters from receiving small business loans after they pilfered tens of billions of dollars from COVID-era programs.
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The crackdown aims to prevent further abuse of federal loan programs and protect taxpayer dollars
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