$500 BILLION.
That's how much the federal government may be losing to fraud every year.
@SBAgov Administrator @SBA_Kelly joins me to reveal how the Trump administration is cracking down on waste, fraud, and abuse—from fraudulent PPP loans to massive taxpayer rip-offs.
The numbers are staggering:
• $200B in suspected PPP fraud
• $22B already referred for collection
• 560,000 fraudsters identified
The era of looking the other way is over.
Listen and Subscribe here ⬇️
https://t.co/0F5jkDk34o
At last month’s White House Small Business Summit, Sherrill Manufacturing shared a serious problem: foreign-made goods were being sold to federal agencies under false “Made in America” claims.
Honest small businesses like Sherrill - the only U.S. manufacturer of stainless steel flatware - were being undercut, while agencies unwittingly shelled out millions for foreign products.
At the direction of @POTUS, SBA worked alongside @USGSA to investigate. In less than a month, we successfully removed nearly two dozen foreign products that were cheating federal agencies and taxpayers alike. We have turned the marketplace back over to American businesses and the incredible workers who power them.
This Administration firmly believes that every taxpayer dollar spent by the federal government should support American businesses, workers, and goods. And we will not tolerate fraudsters, whether they are stealing from federal programs or hijacking Made in America labels.
https://t.co/wLEFjfuLTW
The @WHFraudTF is doing truly unprecedented work to crack down on fraud across every federal agency. It’s a whole-of-government approach to make taxpayers whole, hold fraudsters accountable, and close every loophole that criminals abused under Biden.
Biden-era COVID fraud was rampant, deliberate, and would still be unaddressed today without the action of this Administration.
From PPP loans to SVOG grants, SBA is fighting to recover every dollar stolen from small businesses forced to shutter while fraudsters cashed in.
In South Georgia, many communities were still recovering from the devastation of Hurricane Helene when last month’s wildfires began, consuming over 55,000 acres.
Today, with 90% containment and no fatalities reported, SBA joined local officials, forestry, and emergency management leaders in Brantley County to thank first responders and assess the impact. The SBA stands ready with resources to support the state’s recovery and rebuilding efforts.
Announcing the SBA 2026 National Small Business of the Year: @HumtownProducts! 🎉
Founded in 1959, this third-generation, family-owned company has grown from a small pattern shop to an Ohio powerhouse with 45 employees.
Owner Mark Lamoncha and his team exemplify the power of modern-day small businesses – who are fueling our most important industries, from medical and aerospace to energy and defense.
This National Small Business Week, the lesson is simple: small business is BIG business!
When low taxes empower small businesses, small businesses power entire communities and industries.
Great to visit Premier Automation back home in Georgia today, where historic tax cuts are driving growth for this small business and all those that depend on it.
As we heard last night, the forecast for Main Streets across America is a new Golden Age, and it is just beginning to dawn.
Read my latest op-ed for @DailySignal:
https://t.co/60YKQt83mL
Tonight, @POTUS delivered a powerful testament to a historic first year. He is making our nation more secure and prosperous than ever before.
American exceptionalism is back - and the era of managed decline is over. This nation in defending its interests by putting America First. We’re bringing back our industrial, military, and energy dominance. We’re standing with workers, families, and small businesses to advance free enterprise and fair trade, not big government and dependence.
The USA’s next 250 years will mark a golden era of strength, success, and freedom. MAGA 🇺🇸
Remember the College football playoff committee is not trying to get the 12 best teams every year. They are trying to justify the 12 teams they can put in. I didn’t say I agree with it or like it, but it’s pretty consistent every flippin year.
It cannot be overstated how nonsensical this last round of conference realignment was.
It hurt the sport. The fans didn't want it. It makes no sense. And now the CFP format is off-center as a result of the Pac-12 not existing.
The whole thing is so stupid.
Every day the Schumer Shutdown continues, 320 small businesses will be unable to access an estimated $170M in SBA funding.
We won’t apologize for telling the truth about who’s fighting for Main Street.
https://t.co/swRuU39bGw