Biden touts jobs report during bipartisan bills signing cracking down on perpetrators of COVID relief fraud & More news

 

President Biden touted Friday’s job report, saying there are “more people working in America today than any time in American history.” The president spoke earlier than signing bipartisan laws into legislation to carry accountable those that defrauded the COVID-19 small enterprise relief packages.

The president delivered remarks from the Blue Room balcony on the White House. He additionally examined constructive once more Friday morning for COVID-19. 

Employers added 528,000 jobs in July, the Labor Department stated in its month-to-month payroll report launched Friday, blowing previous the 250,000 jobs forecast by Refinitiv economists. The unemployment price, in the meantime, edged down to three.5%, the bottom stage for the reason that COVID-19 pandemic started greater than two years in the past. 

“Today there are more people working in America than before the pandemic began,” Biden stated Friday. “In fact, there are more people working in America than any time in American history.” 

US ECONOMY ADDS 528,000 JOBS IN JULY, BLOWING PAST EXPECTATIONS

President Joe Biden speaks at the White House

President Biden touted Friday’s job report, saying there are “more people working in America today than any time in American history.”  (AP Photo/Patrick Semansky / AP Images)

Biden stated one “key driver” within the U.S. financial restoration is “the resurgence of small businesses.” 

The president, reflecting on small enterprise relief packages enacted on the peak of the COVID-19 pandemic, stated that “too much” of that small enterprise relief funding “ended up in the hands of those who didn’t need it or criminal syndicates who outright stole the information.” 

Biden touted his administration’s efforts to carry these people accountable, criticizing the Trump administration for not protecting shut sufficient watch and stressing that “the watchdogs are back.”

The president stated the bipartisan bills he signed into legislation Friday “will give federal and local prosecutors more time to hold criminals accountable for defrauding the American people during a once-in-a-century pandemic,” by extending the statute of limitations on these crimes. 

“The American people deserve to know that their taxpayer dollars are being spent as intended,” Biden stated. 

“My message to those cheats out there is this: You can’t hide,” Biden stated. “We’re going to find you. We’re going to make you pay back what you stole and hold you accountable under the law.” 

BIDEN TOUTS JOBS NUMBERS, SAYS HE HAS MADE ‘SIGNIFICANT PROGRESS’ IN EFFORT TO ‘REBUILD THE MIDDLE CLASS’

The president thanked “members of both parties in the House and Senate for getting these bills to my desk.” 

The president signed H.R. 7352, the Paycheck Protection Program And Bank Fraud Enforcement Harmonization Act; and H.R. 7334, the COVID-19 EIDL Fraud Statute Of Limitations Act. 

The bills will prolong the time interval that prosecutors have to carry people and legal syndicates accountable to 10 years if they’ve dedicated fraud in receipt of PPP or COVID EIDL loans, the White House stated, including that they’re “responsive to the president’s prioritization of and calls for oversight and anti-fraud enforcement in relation to critical emergency programs.” 

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“In the president’s State of the Union, he announced that the Department of Justice would name a chief pandemic prosecutor to crack down on fraud in the PPP, EIDL and other COVID-19 pandemic recovery programs,” the White House stated.  “In the State of the Union fact sheet, the White House called for additional penalties for those who commit fraud on COVID benefits and an executive order on identity theft coordinated by the ARP coordinator and OMB.

“On June 14, the person in that chief COVID prosecutor function instructed Congress that it was ‘important’ that the statute of limitations for PPP and EIDL fraud be prolonged to 10 years — exactly what these bills do.” 

 

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