The Small Business Administration’s (SBA) Office of Inspector General (OIG) has raised concerns over the agency’s decision to end fraud collection efforts of delinquent COVID-19 Economic Injury Disaster Loans (EIDL) with an outstanding balance of $100,000 or less.
The Federal government awarded $162.9 billion in contracts to small businesses in Fiscal Year (FY) 2022, marking a record high and surpassing the Biden administration’s small business contracting goal, the Small Business Administration (SBA) said in a July 18 announcement.
Small Business Administration (SBA) Inspector General (OIG) Mike Ware told members of Congress on Thursday that the SBA Office of Inspector General (OIG) is “super confident” in its $200 billion estimate of potentially fraudulent COVID-19 pandemic assistance loan programs.
U.S. Attorney for the Northern District of Texas Leigha Simonton announced Federal charges on June 28 against 14 people who allegedly defrauded the Small Business Administration’s SBA COVID-relief Paycheck Protection Program (PPP) of $53 million.
The Small Business Administration (SBA) Office of Inspector General (OIG) issued a new report today estimating that of the $1.2 trillion SBA disbursed through its pandemic assistance loan programs, over $200 billion was potentially fraudulent.
The Small Business Administration (SBA) Office of the Inspector General (OIG) has ranked IT investments as one of the top eight “critically important” challenges for the agency in the OIG’s first half fiscal year (FY) 2023 Semiannual Report to Congress.
Black-owned businesses make up less than 1.6 percent of the Federal government’s contracting base on a revenue basis – a low level that leaves a lot of room for improvement, according to government officials looking to create a more inclusive environment in contracting.
The Small Business Administration (SBA) must do more to improve its IT investment controls, system development and monitoring controls, and security controls according to a new report from the SBA Office of Inspector General (OIG).
The Government Accountability Office (GAO) released a new report on Oct. 11 that outlined communication issues to the Shuttered Venue Operators Grant program that enabled small theatrical businesses to gain financial assistance during the COVID-19 pandemic.
While the Small Business Administration (SBA) implemented several layers of controls to prevent foreign entities from perpetrating fraud within the agency’s COVID-19 Economic Injury Disaster Loan (EIDL) application system, some individuals with foreign-based IP addresses were still able to access the system.
The U.S. Secret Service said August 26 that it has recovered and returned to the Small Business Administration (SBA) $286 million of funds that were stolen from the government through fraudulent filings made for SBA Economic Injury Disaster Loans (EIDL).
The Small Business Administration (SBA) announced that the Biden-Harris administration awarded a record $154.2 billion in Federal contract dollars to small businesses in fiscal year 2021 – far exceeding the government’s small business contracting goal.
The Government Accountability Office (GAO) has added three new priority recommendations to its list for the Small Business Administration (SBA) including new items that aim to improve COVID-19 response oversight and communications in order to reduce related risks.
A new report from the Inspector General (IG) of the Small Business Administration (SBA) finds that the agency did not have clearly defined roles in its organizational structure to manage and handle potentially fraudulent Paycheck Protection Program (PPP) loans authorized by Congress in 2020.
A Small Business Administration (SBA) Office of Inspector General (OIG) report summarizing the results of its fiscal year (FY) 2021 Federal Information Security Modernization Act (FISMA) evaluation rates SBA’s overall program of information security as “not effective.”
Facing over $4.6 billion in potentially fraudulent Paycheck Protection Program (PPP) loans and continuing challenges with IT investments, the Small Business Administration (SBA) has yet to meet its goal to revise the agency’s Certify system by the end of 2021, according to SBA Inspector General Hannibal “Mike” Ware.
The Office of Personnel Management (OPM) plans to publish new regulations governing Federal anti-discrimination and whistleblower protection, following a 2021 law to improve agency accountability and transparency in discrimination-related incidents.
Small Business Innovation Research (SBIR) and Small Business Technology Transfer (SBTT) programs awarded over $3 billion in contracts to small businesses in fiscal year (FY) 2020, but those awards were not been consistently issued in a timely fashion, the Government Accountability Office said in a new report.
The Small Business Administration (SBA) Office of Inspector General (OIG) released its report on management and performance challenges for fiscal year (FY) 2022, which includes highlighting “significant” challenges in IT investment, system development, and security controls.
The U.S. General Services Administration (GSA) awarded the first phase of the 8(a) STARS III Governmentwide Acquisition Contract (GWAC). This fourth-generation $50 billion contract primarily focuses on emerging technologies and performance outside of the continental United States.
Cross-agency collaboration – which has been important to the larger Federal IT mission for years, and became even more so during coronavirus pandemic – is due for further acceleration as the next mechanism in how government works together, Federal officials said on June 7.
The Small Business Administration’s (SBA) Office of the Inspector General (OIG) has recovered over $1.1 billion in funds paid through the COVID-19 Economic Injury Disaster Loan Program (EIDL) that were initially granted based on false application information, SBA OIG said in a report released May 6.
President Joe Biden has nominated Dilawar Syed to be Deputy Administrator of the Small Business Administration (SBA), subject to Senate confirmation.
Strengthening cloud service capabilities over the past year has been an important step for Federal agencies to both deal with pandemic-era network service demands, and bolster cybersecurity by meeting requirements of the Cybersecurity and Infrastructure Security Agency’s (CISA) Continuous Diagnostics and Mitigation (CDM) program while using cloud services.
After months with no movement and a weekend full of deal-making, Congress is expected to pass a $900 billion COVID-19 relief package as part of a broader Fiscal Year 2021 (FY21) omnibus spending bill. The relief includes a new round of Payment Protection Program (PPP) funding, money for broadband deployment and emergency use, and money to remove banned Huawei and ZTE equipment.