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During COVID, SBA moved fast to deliver disaster loans, but GAO says limited access to IRS tax data made oversight harder and increased program risk

During COVID, SBA moved fast to deliver disaster loans, but GAO says limited access to IRS tax data made oversight harder and increased program risk

Published 2 months ago
Description

When disaster loan programs scale up quickly, data sharing becomes critical. GAO says outdated systems and manual consent requirements limited SBA’s access to IRS tax data during COVID, leaving oversight gaps even as billions went out the door. Joining me to break down why that matters and where progress has been made is Director for Financial Markets and Community Investment at GAO, Courtney LaFountain.

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