A federal agency that was led by a longtime friend of Jared Kushner, Donald Trump’s son-in-law, received $100 million in Pentagon funds to help with the nation’s COVID response — but has yet to spend any of the money, according to a government watchdog.

The Trump administration last year tapped the International Development Finance Corporation (DFC), an independent government agency that funds private development projects, to distribute $100 million in loans funded by the Pentagon through the CARES Act to “finance the domestic production of strategic resources needed to respond to the COVID-19 outbreak, and to strengthen any relevant domestic medical supply chains.”

Dozens of companies sought those loans to help increase the country’s supply of PPE, ventilators, vaccines and testing supplies after then-President Trump invoked the Defense Production Act under pressure from Congress. But to this day, DFC has not doled out a single dollar from the program despite receiving 178 applications, according to a new Government Accountability Office report, although the agency did spend more than $1 million just going through the applications. The agency has since put its application portal on ice and its authority to lend funds under the program will expire in March 2022.

DFC was created by Congress in 2018 to help fund private development projects overseas. Trump tapped Adam Boehler, who was Kushner’s college roommate and later invested in his…

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