Vance says 870K people suspected of COVID-era US fraud barred from federal loans

TL;DR

Watch live: Vance, Blanche unveil fraud charges tied to COVID-era emergency loans Vance announces about 870,000 people suspected of defrauding COVID-era programs barred from future federal loans Kansas City, Missouri — Vice President JD Vance announced Monday the Trump administration will suspend roughly 870,000 people suspected of defrauding pandemic-era small business programs from receiving future federal loans. The vice president contended that borrowers who stole taxpayer money should no longer be eligible to receive loans from government-backed programs. "If you screwed the American taxpayer, the federal government is now going to say you're cut off, no more," Vance told reporters.