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 is the primary focus of the COVID-19 relief loan program?

• To support large corporations

• To fund international aid

• To increase taxes

• To prevent fraud and support small businesses

Who is leading the investigation into the small business loans?

• The Senate

• The House Coronavirus Subcommittee

• The President

• The Supreme Court

What is the estimated amount of money that may have been fraudulently obtained?

• $10 billion

• $150 billion

• $80 billion

• $400 billion

How much money has been returned to the program?

• More than $20 billion

• More than $10 billion

• More than $5 billion

• More than $50 billion

How many individuals have been charged with fraud-related crimes?

• Over 2000

• Over 1000

• Over 500

• Over 1500