BELOW SUPERNAV drop zone ⇩

Biden releases proposal to tackle pandemic relief fraud

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

ovp test

mLife Diagnostics LLC: Oral Fluid Drug Testing

Male shot by female at Shreveport apartment

Class to create biodiverse backyard

Rules for outbursts at Caddo School Board Meeting

(NewsNation) — President Joe Biden released a proposal to crack down on widespread pandemic relief fraud totaling billions of dollars, targeting thieves who stole crucial Paycheck Protection Program (PPP) loans from businesses struggling to stay afloat during the shutdowns.

The president has asked Congress to help with these efforts, even though the House has already kicked off investigations of its own.

Billions of American taxpayer dollars have been squandered and the nation has seen its highest levels of identity theft ever due to pandemic loan abuse.

The three-part proposal asks for $600 million to investigate and prosecute the criminals who preyed on people by tripling the COVID-19 fraud strike force teams under the DOH and increasing the statute of limitations to 10 years for serious, systemic pandemic fraud.

In addition, the plan will invest $600 million in prevention programs and $400 million to flag and stop potentially fraudulent transactions before they occur, as well as better report crimes on IdentityTheft.gov.

Biden asked Congress to send him legislation on this issue that House Republicans held a hearing on a month ago, hoping for bipartisan support on Capitol Hill.

A government watchdog group recently found $5.4 billion in federal COVID-19 aid might have gone to businesses tied to questionable Social Security numbers.

Politics

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Clear

la

55°F Clear Feels like 55°
Wind
1 mph E
Humidity
57%
Sunrise
Sunset

Tonight

Clear skies. Low 51F. Winds light and variable.
51°F Clear skies. Low 51F. Winds light and variable.
Wind
2 mph NE
Precip
1%
Sunset
Moon Phase
Waxing Gibbous