Loeffler Proposes $50B SBA Reform & Bans 112K COVID Loan Fraudsters; Trump Expands Foreign Loan Ban

Senator Loeffler is pushing for a significant reform of the SBA’s $50 billion program, which she claims has not been scrutinized before, while also targeting over 112,000 theft cases from COVID loan fraud. Concurrently, President Trump is extending restrictions on foreign nationals accessing small business loans, signaling increased scrutiny on loan recipients. These moves reflect a broader effort to tighten oversight and prevent fraud in government small business assistance programs, with future updates likely as new enforcement measures are implemented.