SBA Inspector General Details Report on SBA Implementation of PPP
Washington, May 15, 2020
WASHINGTON – Today, the House Committee on Small Business heard from Small Business Administration (SBA) Inspector General Hannibal “Mike” Ware in a virtual forum about the implementation of the small business provisions of the CARES Act.
The SBA Office of Inspector General (OIG) issued a “flash report” on May 8, 2020, on the implementation of the SBA’s Paycheck Protection Program. The report found that the SBA’s interim final rule and FAQs largely aligned with the intent of the law. Members asked Inspector General Ware about the findings of the report and recommendations for the SBA.