SBA demands Planned Parenthood affiliate return Paycheck Protection Program loan

  • 📰 CNN
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The Small Business Administration is demanding at least one Planned Parenthood affiliate return a Paycheck Protection Program loan, alleging the affiliate wrongfully received funding because the overall organization is too large to qualify for the program

In a letter to Planned Parenthood of Delaware dated Tuesday and obtained by CNN, SBA wrote that because Planned Parenthood of Delaware"is a local affiliate of Planned Parenthood Federation of America ... we have preliminarily concluded, therefore, that PPD is ineligible for a Paycheck Protection Program loan under the applicable affiliation rules and size standards, consistent with Congressional intent, and that the loan you have received should be returned.

"PPFA is known to have and to exercise control over its local affiliates," SBA wrote, pointing to Planned Parenthood Federation of America mandates and certifications for its affiliates."Yet PPD did not identify PPFA or any of PPFA's other local offices as affiliates."The source at Planned Parenthood pushed back on SBA's assertion that Planned Parenthood Federation of America has managerial control over its affiliates as false.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Keep the money

Stream RainOnMe

: Who is JaydonHayden?

Why can’t we Abort planned parenthood? 🍻

First Ruth’s Chris. Now Ruth’s access to affordable birth control? What’s next for Ruth?

Sad that it’s too large. But glad they have to give the money back.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump Administration To Planned Parenthood: Return Coronavirus Relief FundsThe Small Business Administration is asking local Planned Parenthood affiliates to return millions of dollars in loans received through the Paycheck Protection Program. lol...no That's bullshit.
Source: NPR - 🏆 96. / 63 Read more »

SBA Under Spotlight as Frustrations with Aid Programs GrowThe Small Business Administration’s coronavirus rescue effort has been peppered with complaints about the agency’s loan programs, and bipartisan lawmakers have yet another beef—they can’t get answers from the SBA. Trump's incompetence in full display. This is what you get when you elect amateurs Of course there were problems! While good in theory, Trump administration and Republicans just can't see the bigger picture. Large companies with less than 500 people should not have been allowed to apply period.
Source: WSJ - 🏆 98. / 63 Read more »

McConnell calls on Barr to investigate Planned Parenthood loansMitch McConnell and other Republicans are demanding that William Barr investigate Planned Parenthood centers that got emergency small business loans under a government program intended to avert layoffs Yes start investigating all of your political enemies. The authoritarian playbook! 'free market unless we say'. U.S. Conservatives.
Source: politico - 🏆 381. / 59 Read more »

Mitt Romney asks for investigation into whether Planned Parenthood fraudulently applied for $80 million in small business loansRomney and 25 Republican senators sent a letter to Attorney General William Barr demanding an investigation into Planned Parenthood's application that resulted in $80 million from the Small Business Administration's Paycheck Protection Program. These people won't rest until women's health in general is illegal. IM WITH YOU ON THIS ONE MITT.... GET EM
Source: Newsweek - 🏆 468. / 52 Read more »