The PRAC examined whether the Small Business Administration (SBA) Phase III fraud controls, which were applied to process Paycheck Protection Program (PPP) loans in 2021, would have likely detected the earlier fraud found in PPP criminal cases. SBA designed the PPP Phase III controls to address significant fraud identified in the earlier phases of the program and some were later used by the SBA in its Restaurant Revitalization Fund (RRF) program.
Report File
Date Issued
Submitting OIG
Pandemic Response Accountability Committee
Other Participating OIGs
Pandemic Response Accountability Committee
Agencies Reviewed/Investigated
Small Business Administration
Report Description
Report Type
Inspection / Evaluation
Special Projects
Pandemic
Agency Wide
Yes
Questioned Costs
$0
Funds for Better Use
$0