Fraud. Corruption. Some Transparency. Times Up. U.S. From COVID-19 Economic Injury Disaster Relief Program.

The U.S. differs from other nations.  

Fraud, Corruption monitored (slow process)\detected,  charges filed, judicial judgement, fines and or incarceration.  

For some maybe a slap on the wrist.  For others some penalty fee, and incarceration.

What about other nations.  China, France, Countries of Africa, Caribbean Island Nations, etc?

BEMA International

December 1, 2023  WASHINGTON, D.C. – This week, the United States House of Representatives unanimously passed two bipartisan bills co-led by Congressman Kweisi Mfume (D-MD-07) that address the ongoing issue of fraud in the COVID-19 Economic Injury Disaster Relief Program and the Paycheck Protection Program (PPP). These bills were introduced alongside Congressman Roger Williams (R-TX-25), Chairman of the House Committee on Small Business, and Congressman Aaron Bean (R-FL-04).  “The level of fraud in these programs reflects the years-long repercussions of a 2020 decision by the Trump administration to loosen anti-fraud protections during the pandemic,” said Congressman Kweisi Mfume. "That is why I am proud to be the Democratic co-lead of this legislation, which ensures those who deliberately stole federal funds are not given a similar opportunity in the future, and ensures consistent reporting on progress towards returning stolen funds to the federal government and bringing white-collar criminals to justice,” he concluded.    Click her or on the image above to view Congressman Mfume's remarks on H.R. 5427. These measures require the Inspector General of the Small Business Administration to submit a quarterly report on the fraud found in small business pandemic relief programs, and prohibits anyone convicted of crimes relating to financial misconduct or making a false statement with respect to a small business pandemic relief program from receiving non-disaster financial assistance from the Small Business Administration (SBA). This legislation originated in the U.S. House Committee on Small Business, where Congressman Mfume serves as Ranking Member of the Subcommittee on Oversight, Investigations, and Regulations.  Additional Information on the PPP/EIDL Fraud Report Act of 2023 This bill was introduced by Congressman Mfume and Congressman Aaron Bean (R-FL-04). This legislation requires that the Inspector General of the SBA submit a report to Congress every 3 months that details the number of borrowers it has found to have engaged in fraud with respect to PPP loans and Economic Injury Disaster Loan (EIDL) program loans. This report shall include the total dollar amount of all covered loans that were made, the number and type of fraud found in both new fraud cases and suspected fraud cases, and the number of fraud cases resolved to date. This bill does not authorize any new appropriations. Additional Information on H.R. 5427 This bill was introduced by Congressman Mfume, alongside Congressman Roger Williams (R-TX-25), Chairman of the House Committee on Small Business, and Congressman Aaron Bean (R-FL-04). This legislation amends Section 16 of the Small Business Act by adding subsection “(h) assistance prohibition” which would: Prohibit individuals and entities that are finally convicted of a crime related to financial misconduct or making a false statement from receiving any non-disaster financial assistance from the SBA. Prohibit a private entity owned in whole or in part by or managed by any individual to be ineligible to receive any non-disaster financial assistance from the SBA. ###