GAO-20-625: Published: Jun 25, 2020. Publicly Released: Jun 25, 2020.

In response to the COVID-19 pandemic, Congress appropriated $2.6 trillion in emergency assistance for people, businesses, the health care system, and state and local governments. How are federal agencies administering this spending? We found that the Small Business Administration processed over $512 billion in guaranteed small business loans, but isn’t ready to address fraud risks and hasn’t...