syed possesses are a perfect fit for sba's needs. he has broad support from dozens of small business organizations that understand the needs of entrepreneurs. they know that mr. syed is an individual who will innocently continue to advocate for and support our small businesses. allowing the position of deputy administrator to remain empty for so long is a great disservice to our nation's small business owners. his confirmation process has been fraught with unacceptable delaying tactics, unfounded accusations, and unrelated controversies. throughout it all, however mr. syed has shown only patience and press veer rans. i'm honored to stand here today finally to support his nomination for position of sba deputy administrator. i'm confident that america's small businesses and communities they support will benefit from him in this role. i urge all my colleagues to support his confirmation. this is what our small business community needs. i would urge my colleagues to ratify his nomination. with that i would yield the floor. i would ask co

according to the report, the sba issued $1.2 trillion overall in economic assistance through pandemic, but at least $200 billion of that went to scammers. the report also identified red flags that they found in the loan applications suggesting that a scam was afoot from multiple applications tied to the same ip address, the same contact information or banking information used for several relief applications, businesses that were formed after the relief program was announced among other things. but one scheme that was detailed in this report, the i.g. calls it the romance scam, where with fraudsters targeted people looking for companionshippen online. they then manipulated those people to give them personal information. the scammers used that info to apply for pandemic relief. the loans in the hundreds. the total amount of this network of thieves was able to get away with $10 million overall. a big chunk of that they got from 250 ppp loans that were approved. the sba overcan all is pushing back on the report -- overall is pushing back on the report saying the fraud is not as bad as the

the sba paid out about 1.2 trillion in economic assistance. at least 200 billion of that, the i.g.mers. the task force working to get the money back has been able to reclaim about 31 billion in the stolen money. they have also cracked down on the criminals behind it. over 800 arrests, more than 500 convictions so far but the sba is issuing their rebuttal to the inspector general investigation saying they are flagging potential fraud and treating if it is real fraud saying this. we're concerned that the white papers approach contained serious flaws that significantly overestimate fraud and unintentionally mislead the public to believe that the work we did together had no significant impact in protecting against fraud. one scheme that was detailed in this report, the i.g. calls the romance scam where fraudsters targeted people looking for companionship online. they manipulated the people to give their personal info. then the scammers used that info to apply for pandemic relief. the total amount that this network of thieves was able to get away with, $10 million. a big chunk of that f

but 5 to 4 in the sba case, the fourth was chief justice roberts. and one of the points that i think really to underscore how the critique of the shadow docket are not at least strictly partizan is one of the most, you know, sort of one of the repeat players in criticizing the conservative majority has the conservative chief justice who dissented in the sbrt case, who dissented in the alabama redistricting case, who dissented a clean water case in april 2022, and his dissents are always saying the same thing. so, hey, i'm john roberts, right? i have not changed my stripes. i am absolutely sympathetic to where my conservative colleagues he's in institutionalist and he that the court's legitimacy credibility is impacted negatively by playing these games. well, and by using the sort of the emergency mechanism as a way of doing things that are supposed to be done with full throated deliberation on the merits docket. so capital punishment is a through line in this book. so incident is religious liberty a through line? there are to be a number of cases in

now one of the sba executives disputes this figure.ut just remember this, when joe biden gets up today and talks about investing, no, you aren't investing, you are spending money. so remember the waste and fraud and abuse when it comes to the government handling that money. and also never, ever again will the american people be frightened into accepting a shutdown of this country and a shutdown of our economy and told to huddle in our homes and accepted ictus from unelected bureaucrats because that's what happen. >> the small business administration inspector general put out a report trying to figure out what happened. a quote from it. it says in part the agency weakened or removed the controls necessary to prevent fraudsters from easily gaining access to these programs and provide assurance that only eligible entities receive funds. however, the allure of easy money and this pay and chasten wire onment attracted an overwhelming number of fraudsters to the programs. brian, how does something like this happen on such a big scale? >> if

and, younow, i'm involved in chair the sba's council on underserved communities, and one of the things we've been talking a lot about is we have to evolve with the times with minority entrepreneur you know? we used to have this term supply of diversity. now ine chicago, many places around the country are using the term business diversity to signal we want to have successful black and brown businesses, small businesses and n all aspects of the economy. not just the lower margin commodity contracting kind of thing. c those things are important, but our economy'secome professional service,inancial services and technolog economy. we have to the evolve with tse shifts. we want to create wealth in this economy, it's part of our economy. i oftenell people too that small banks, for example, and at minori bank, we've been behind getting into some of the lucrativearts of the economy, private equity, having hedge funds, hing venture capital funds, having investment banking services. you know, jpmorgan chase they alwayss. had great wealth management, great money nagement, all these great investmen

smart biz loans, .com, the bank which got them an sba loan with a great rate about smartphone's. >> weprobably wouldn't have gotten a loan appliance by bezos .com plus finding common ground on us china relations from the companies doing business with cut in half just like that. >> go to ship station .com try and get two months free will .♪ you heard us earlier talking a little bit about shared history. ned ryan and i will.hi a war by thestor mosy.t liberal americans is going on against our shared history. apparentlyamericnst ou. and i'm eager to learn why they found it helpful to change the name of fort bragg to fortae liberty in north carolina. a congressional committee recommended that plus eight other bases, in fact, adopt new names to make our military seem more inclusive. well, where does all stop? well, democrats change the name of every public structure named after slave owners, for example. we're looking right no w at h rivehudson or the hudson riverud in the george washington bridge. you can actually i of th actually took some of thesoue pictures. hundreds of thousands of peop

we found them a bank which got them an sba loan with a great rate. and we made the process.we've helped over two hundred thirty thousand small businesses get over nine billion dollars in funding about smartphone's. we probably wouldn't have gotten a loan like today. sparkman's .com tv. looks like you've been sleeping well. megan . he's back for my little guy and you're looking good. still feeling good? well, just when you thought it couldn't get any better, we've got the best pillow ever. mypillow 2.0. >> i'm interrupting this commercial to let you all know that you made mypillow 2.0 a huge success. and because your amazing support, we've expanded my pillows. usc man factoring and jobs to make room for this. we're clearing out our kill bed sheets and to thank you , i'm giving them to you a close our prices, king-size only thirty nine dollars cent queens. thirty five dollars a set full size. twenty nine and twin size just twenty five dollars. so go to my .com or call the number on your screen. use your promo code to take advantage of this once in a lifetime offer. get these m

>> there is information by a sba fbi source that is credible but no first-hand information.t was provided to the source from somebody else. that relates to the debunked and false allegations about some sort of corruption related to then vice president joe biden and his son. you will remember because i know you studied it well that the investigation, 17 witnesses, experts, former ambassadors and ukraine experts said what joe biden was doing in ukraine, in urging ukraine to remove the prosecutor general was done consistent with u.s. policy because the prosecutor general was not investigating corruption. what biden was doing would have actually hurt them if it played out. this was garbage and and you do not have to take my word for it. the trump doj as you just said looked into the document and they determined it was not worth pursuing the allegations. this is a nothing burger that they are trying to launder through official committees of congress once again in order to politically harm president biden. there is nothing here, there is no merit and there is no reason to pursue a

the statute of limitations on crimes related to the two large sba programs, paycheck protection and the -- economic injury disaster loan program have been extended from five to ten years. there's also a push to do that same statute of limitations extension for crimes related to unemployment and systems fraud. >> i had this conversation on radio, and one of my callers said to me, not that anyone defended the waste, fraud and abuse, but that the fire hose needed to be opened to keep the economy afloat and this was one of the likely ramifications that was going to take place. quick thought from you? >> well, i think that's right. that was a moment where businesses were shutting down. people were out of work. economies were in free fall and washington responded aggressively. they wanted the money out fast, so the standard safeguards that normally protect federal money from going to the wrong people were lowered. but i think it's important -- it takes people on the other side. there were people that took advantage of that during a public health crisis. based they saw an opportunity for an ea

. >> yeah, so the big thing here is sba, one of the biggest anti-abortion groups in the country is effectivelys to go on offense with this issue after seeing how it negatively affected them in the mid-terms. and i think the underlying thing here is that the data they compiled and the memo they sent out, they sent it out to 2024 republican campaigns, to staffers on the hill, to anti-abortion activists across the country, so this is broadly sent out in an attempt to get republicans on the same page, on abortion which they have not done so far, and then also it indicates that they're going to hold 2024 republican candidates feet to the fire and try to force them to take a stance on this issue, which again we really haven't seen with a lot of candidates running for president. they've been very reluctant to clearly lay out whether there's a federal rule for this, where they see there should be a ban or things of that nature. by all accounts polling suggests abortion was a very beneficial issue for democrats in 2022. certainly the white house thinks it will be again next year. could it be republican

what do you make of this decision today and how worried should people be that this, in fact, will turn sbaething so much bigger as members of the lgbtq+ community fear they've lost rights today. >> you ask me how worried people should be and the answer is very. this is a court that supports such an expansive view of religious freedom that they are willing to let that view of religious liberty encroach upon the rights of others. today's decision is about a web developer who might not even have had a request before her to design that wedding website. in fact, the guy who supposedly sent her a request to make that gay wedding website has denied to the new republic that the request ever came from him. again, as with the student loan case, it's not even clear that this is a dispute that should have been before the court, but let's take a step back for a second. lorie smith's chief argument was that this was an encroachment on her free speech rights. she would have had to entors the wedding of these two people. what's to stop someone from coming forward and saying, i'm a checkout bagger at a gro

the sba added that majority of the fraud happened. >> again in the first 9 months, that program in 2 weeks, congress is going hold a hearing to review that report. >> hey, good morning, everyone. coming up, we'll have all the details regarding fireworks sales. i'm live in dublin. you can see they're coming in right now behind me. i'll tell you just exactly i'll tell you just exactly what the alameda ♪ heatin' up the kitchen ♪ ♪ we got somethin different ♪ ♪ spreadin' good vibes all day ♪ ♪ livin' in the golden state ♪ ♪ nada se puede comparar ♪ ♪ livin' in the golden state ♪ ♪ vive en el estado dorado ♪ lowe's knows you want to make the most of your summer. ♪ that's why we're offering ♪ 4th of july deals under $100. so your summer is full of fun and savings. come in and enjoy our hottest deals now. ♪♪ ♪♪ ♪♪ affordable design. endless possibilities. ikea. >> 9.29 right now checking out the weather on a wednesday and lot of people are starting to get all their plans together for the weekend to yes ahead of july 4. so it's this will be have to prepare for this weekend because it's unlik

but a senior official from the sba itself disputes the inspector general's findings saying the studywed. coming up, more people, including the city's fire department, are raising concerns about driverless cars in san francisco. >> this is amazon's best tablet yet the price to features and the hardware are good. but there's one thing holding it back. i'm rich demuro ball. explain. coming up in tech smart. >> but first, how san jose's mayor is working to get a major league baseball team to the city and more on the the city and more on the pushback facing. - you ok? - there's a flex alert today so i'm mentally preparing for the power outage. oh, well we can help stop one because we're gonna reduce our energy use from 4-9pm. - what now? - i stepped on a plug. oh that's my bad... unplugging. when it comes to preventing outages, the power is ours. ♪ from the mountains to the coast... ♪ ♪ heatin' up the kitchen ♪ ♪ we got somethin different ♪ ♪ spreadin' good vibes all day ♪ ♪ todos a la mesa ♪ ♪ que buena la mezcla ♪ ♪ it don't get no better ♪ ♪ livin' in the golden state ♪ ♪ lovin' this l

smart business loans .com, founder of a bank which got them an sba loan with a great rate about smartphone'swe probably wouldn't have gotten a loan appliance, but bezos .com is a fox news alert. i'm jackie ibanez live in new york. disturbing reports out of ukraine this hour and quite possibly a new development that could escalate an already brutal battle for the control of that war torn nation. keep now accusing russia of blowing up a major dam in a part of southern ukraine under kremlin control, as many as 10 villages downstream from the novak kafka are said to be in dangers of massive flooding over the next several hours or so. evacuations have been ordered. so far. there are no reports of deaths or injuries, but the regional military commander fears hundreds of thousands of people will be left homeless if floodwaters along the river reached the critical stage, accuses the russians of committing yet another quote. active terrorism. moscow on the other hand, claims the dam was destroyed by a series of missile strikes from ukrainian forces. ukrainian president vladimir zelensky is expected t

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sba has not had a senate confirmed deputy for more than five years, and mr. saed is one of the lodgest pending nominees in the senate and i'm exceedingly pleased this qualified nomine is moving forward and if con if i wered, mr. saed willed a to the -- with add to the diversity of the administration. finally, this week we'll begin considering the nomination to serve as district judge for the southern district of new york. last week congress passed legislation averting catastrophic default and alone is very good news for every single community in the country. better yet, congress averted default for people preserving investments we made in legislation like the chips and science act, bipartisan infrastructure bill and democrats landmark inflation act. now, democrats are getting the word out on our agenda and for months i have worked with the administration and my colleagues to pain stakingly plan out implementation and one thing for americans to read about confrontation with that bill or not bill and whole different ball game for them to see the investments to

so more hitting your so having more sun hitting your sba— so having more sun hitting your sba directlyalley. it's called remembering the accused witches of they are very of scotland. and they are very angry at this mural because they're no, you're not they're like, no, you're not sort about all the sort of thinking about all the women that were actually sort of burnt and hung and duct and. yeah. steve, have you got anything— yeah. steve, have you got anything to— yeah. steve, have you got anything to say— “33“ steve, have you got anything to say in four seconds? beam.— anything to say in four seconds? veab. tbs— anything to say in four seconds? beat. us ube— anything to say in four seconds? yeah, it's like pascal's— anything to say in four seconds? 43w“ c c f : yeah, it's like pascal's wager. maybe. don't upset the witches, just in case they're real. oh, yeah, that's a good point. that's a good point. it costs momma— that's a good point. it costs momma ro— that's a good point. it costs nothing to not— that's a good point. it costs nothing to not upset witches anyway,— nothing to not up

focused on is getting more on the types of government programs supporting small businesses including sba loans, i believe this kind of data would have congress to better understand the full impact those various programs have been supporting small businesses in underserved rules in urban areas. help us to strengthen them, do you agree? if so would you work with me both want to work with you which of those can be captured partially and give your presentation here today. and i think i was working on behalf of the people of this country than life and is expected arkansas mr. hill's recognize for. >> thank you, mr. chairman director quite heavy for the committee today. we do a lot of work done that with leadership of chairman waters current chairman mchenry in the whole face in the digital future for financial services. it's a major megatrend across the world. the building blocks of the financial services including cyber protection standards, and digital identity a favorite topic of my friend from illinois doctor foster. and privacy. to start out our discussion type about 10:30 the rulemaking

i'll just move on to your second point of year— move on to your second point of year sba— move on toed a little more explaining. little bit more explaining. okay so_government. little bit more explaining. okayj so_government to so you want the government to become — so you want the government to aesaabbe-ar- decouple the price of electricity— decouple the price of electricity gas ? decouple the price of- electricity-gas ? go on. electricity from gas? go on. web.— electricity from gas? go on. web. .— electricity from gas? go on. web. r-bbbs- electricity from gas? go on. well, i-this is- electricity from gas? go on. well, i this is this is well, i mean, this is this is a little bit obscure simply because with so many things, the politicians obscure it with weasel words , but it's actually weasel words, but it's actually dead simple. okay two thirds of our home energy bills are electricity. okay. yep. as much as 80% of that electricity has nothing whatsoever to do with gas . yes, but because of gas. yes, but because of conventions that were made way back in the 80s when the energy compa

syed should have been forthcoming in disclosing his interest in an sba program. unfortunately, there were false statements and errors in the applications and disclosures signed by mr. syed on behalf of his company which further delayed the committee's consideration of his nomination. the lack of transparency and the resistance in providing requested information to the committee does not inspire confidence that he will be transparent and forthcoming with congress about the sba's programs and ongoing challenges. based on the track record of this nominee, it is not clear he would reverse the sba's failure to give committee members details on key policy matters squarely in the committee's jurisdiction. the agency's continued lack of responsiveness under the biden administration is a key part of why i stand before you in opposition of this nominee. i recently questioned mr. syed on whether he believes that overregulation stifles innovation and entrepreneurship. he could not give me a direct answer. this is unacceptable to iowa's entrepreneurs who are struggling in bid

the sba has not had a senate-confirmed deputy for more than five years, and mr. syed is exactly the right person for the job. his nomination is backed by more than 200 civic, government, higher education, and business groups and leaders, including the u.s. chamber of commerce and the small business roundtable. mr. syed is an american success story. he came to this country from pakistan and amamsed a remark -- amassed a remarkable career as executive of yahoo, president of a software company, and most recently ceo of a health care a.i. company. so, mr. syed is more than qualified to assume the post of deputy sba administrator, where his job will be helping millions of small businesses get the resources they need to start, to grow, to expand. once confirmed, mr. syed will add to the dynamism and diversity of the biden administration, as the highest-ranking muslim official in the executive branch. so this is a very good day for small business, because after today the sba will have an exceedingly capable, experienced, and accomplished small business champ in dilawar