Text of Recommendation | To address concerns in the COVID-19 EIDL program, we recommend the Administrator direct the Associate Administrator for the Office of Capital Access to perform a comprehensive cost-benefit analysis, consistent with federal regulations, to include periodic comparisons of costs incurred and amounts collected on the portfolio of COVID-19 EIDLs of $100,000 or less to assess whether collection costs exceed recovery amounts. |
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Recommendation Number | 1 |
Recommendation Status | Open |
Significant Recommendation | Yes |
Submitting OIG | |
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Linked Report |