Sessions Calls for Swann to Return PPP Loan
After receiving criticism for having voted in the 2008 Democratic primaries, Renee Swann is now facing heavy criticism after Texas Rep. Pete Sessions (R) has called for Swann to return a PPP loan to the U.S. Treasury.
In a press release, it’s revealed that Renee Swann made personal loans to her campaign that equal $650,000. Moreover, in a July 2nd, 2020 FEC Report, Swann disclosed a personal loan made to her campaign in the amount of $249,500.
On July 6th, the U.S. Treasury Department released the names of companies and people who received PPP checks from the government, and it was revealed that a PPP loan between $150,000 and $350,000 was given to Russell E. Swann, Renee Swann’s husband, for a corporation under his control.
Sessions also commented that “money is fungible,” adding that “it appears the PPP loan allowed Renee and her husband to help finance her campaign.” He expressed that “to maintain any credibility as a candidate for the Republican nomination, Renee Swann should return the money – now.”
He went on to explain how this is a conflict of interest, saying that “the loan was made to a business in which Renee Swann is part-owner through community property.” Therefore, “after receiving the loan from the federal government, she made a large personal loan to her campaign.” He added, “she cannot in good faith represent the people of this district, while also voting in legislation governing the future collection of PPP loans.”
Finally, Sessions highlighted the third point, mentioning that “conservatives deserve full transparency about these events.” Signaling that she would be part of “the Swamp,” Sessions questioned how Swann can “hold herself out as an opponent to those interests when she has voluntarily enlisted in their ranks?”
Swann has also been hit for her voting in the 2008 Democratic primary race between Hillary Clinton and Barack Obama. Swann denies voting for Hillary but voted as a part of Operation Chaos. READ MORE