Warren warns Biden administration on PPP fees

Sen. Elizabeth Warren is pressing the Biden administration to explain the extent to which accountants and lawyers who helped businesses receive aid under the Paycheck Protection Program may have been shortchanged for their services.
Warren in a June 14 letter to the Small Business Administration, obtained by POLITICO on Wednesday, raised concerns about “contradictory guidance” from the agency that may have prevented businesses from receiving fees for helping employers file applications with banks for forgivable loans under the nearly $1 trillion rescue program. Warren’s office has not yet received a response from the SBA. The agency said it “declines to comment on congressional letters beyond acknowledging receipt.”
The fee dispute, which also has been the subject of litigation, is the latest concern that Warren has raised about how the PPP was carried out. She earlier called on government watchdogs to investigate whether large companies got more money than they deserved.
The program,

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https://www.politico.com/news/2021/07/21/warren-biden-ppp-fees-500418
Politico News - Congress
By Maeve Sheehey


http://www.politico.com/

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