"Widespread Misconduct": Trump Admin Orders All Beneficiaries Of Nation's Largest DEI Program To Surrender Financial Records

https://www.zerohedge.com/political/widespread-misconduct-trump-admin-orders-all-beneficiaries-nations-largest-dei-program

The Daily Wire has learned that the Small Business Administration has ordered all 4,300 firms in its 8(a) "socially disadvantaged" program, which receive no-bid federal contracts, to turn over their financial records, including general ledgers, bank statements, payroll files, subcontracting agreements, and other internal documents, by January 5 or face removal from the program.

SBA's crackdown on one of Washington's oldest DEI initiatives follows mounting evidence that some 8(a) firms have become a major pipeline for fraud, pass-through schemes, and artificially inflated contract costs.

Late last month, Peter Schweizer, president of the Government Accountability Institute and the investigative journalist who broke the Clinton Cash corruption story, published a report exposing the cronyism and corruption inside the 8(a) program, where pass-through firms handed bidless contracts on silver platters while quietly outsourcing the real work to major consulting companies.

"For years, DC insiders have exploited a federal DEI contracting program that provides windfalls to Beltway elites. This open secret isn't about helping the downtrodden; it's about bagging no-bid paydays. The SBA's 8(a) program is long overdue for reform," Schweizer wrote on X.