Sen. Reed Seeks Congressional Probe & Audit of Paycheck Protection Program
April 29, 2020
April 29, 2020
PROVIDENCE, Rhode Island, April 29 -- Sen. Jack Reed, D-Rhode Island, issued the following news release:
As problems continue to plague the Paycheck Protection Program (PPP), which Congress intended to serve as relief for small businesses, U.S. Senator Jack Reed (D-RI) is calling for a Congressional investigation and thorough audit into how the program is being administered by big banks and overseen by both U.S. Treasury and the U.S. Small Business Administration (SBA).
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As problems continue to plague the Paycheck Protection Program (PPP), which Congress intended to serve as relief for small businesses, U.S. Senator Jack Reed (D-RI) is calling for a Congressional investigation and thorough audit into how the program is being administered by big banks and overseen by both U.S. Treasury and the U.S. Small Business Administration (SBA).
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