Rep. Clyburn Says U.S. Failed To Stop Fraud In COVID Loan Program

The video discusses efforts to prevent fraud in the COVID-19 relief loan program, led by Clyburn, chair of the House Coronavirus Subcommittee. The subcommittee is investigating fraudulent small business loans from the economic disaster loan program, with an estimated $80 billion of $400 billion potentially obtained fraudulently. Over $10 billion has been recovered, and more than 1,500 individuals have been charged with fraud-related crimes.

What type of loans is the House Coronavirus Subcommittee investigating?

What is the number of people that have been charged with fraud-related crimes in connection to the COVID-19 relief loan program?