Vice President J.D. Vance announced Monday that the government is barring 870,000 people from getting future federal loans because they are suspected of defrauding the government during the pandemic.
They accounted for nearly $50 billion in bogus small business loans, officials said. Letters will be mailed out starting this week notifying them they’re banned.
“If you screwed the American taxpayer, the federal government is now going to say you’re cut off,” Mr. Vance said at an appearance in Kansas City, flanked by Attorney General Todd Blanche, FBI Director Kash Patel and Small Business Administration Administrator Kelly Loeffler.
Mr. Vance, tapped to lead President Trump’s task force on combating fraud, also called on Democrats to join the fight.
“Congressional Democrats have been so captured by far-left advocacy groups that they can’t even participate in something as common sense as protecting the American taxpayer’s money,” he said. “We can’t allow it to be normalized that the American people get stolen from by fraudsters.”
I am proud to announce alongside many of our task force members that we are going to suspend 870,000 people who defrauded the government from ever being able to apply for these loans again.
It’s simple, if you screwed the American taxpayer, the federal government is going to cut… https://t.co/6vQvORI6Ke
— JD Vance (@JDVance) September 14, 2026
Before the money was sent out, it was obvious that the Democrat administration provided no adequate oversight.