treasury-offset
Every record this desk has filed under treasury-offset, newest first, each with the number of sources it can still show you.
SBA said on September 14 it had suspended 870,000 more pandemic-loan borrowers tied to an estimated $39 billion in suspected fraud, and announced final 30-day demand letters backed by collection fees of up to 28 percent and offset of tax refunds and Social Security, in a release that describes no way to contest a suspension.
On September 14 the Small Business Administration said it had suspended 870,000 more borrowers tied to an estimated $39 billion in suspected PPP and COVID-EIDL fraud, barring them from future SBA loans, including disaster loans, and from programs such as 8(a) contracting. Arizona's row is 17,450 borrowers and $703,554,520. SBA also announced final 30-day demand letters, starting with about 8,000 borrowers in Kansas and Missouri. Borrowers who do not pay face possible Administrative False Claims Act liability, referral to the Justice Department, Treasury collection with interest and fees of up to 28 percent, and offset of tax refunds, federal salaries and Social Security. The release describes no process for contesting a suspension. On September 23 SBA said the IRS had opened examinations tied to about $100 billion in loans. The Justice Department separately reported roughly $245 million in intended loss across over 160 criminal defendants. Suspected is not proven. Treasury's own pages explain how to ask for proof of a debt and how to dispute one. SBA is taking comments until October 5 on sharing its business-loan records with Treasury's Do Not Pay system.
Also filed undersbapandemic-relief-fraudpppdebt-collectionarizona
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