COVID Fraud Transparency Act of 2026

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 826 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 826

 To require the Inspector General of the Small Business Administration
  to submit a quarterly report on fraud relating to certain COVID-19
                                 loans.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                            January 28, 2025

 Mr. Williams of Texas (for himself, Mr. Latimer, Mr. Bean of Florida,
and Mr. Mfume) introduced the following bill; which was referred to the
                      Committee on Small Business

_______________________________________________________________________

                                 A BILL

 To require the Inspector General of the Small Business Administration
  to submit a quarterly report on fraud relating to certain COVID-19
                                 loans.

    Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``COVID Fraud Transparency Act of
2025''.

SEC. 2. REPORT ON FRAUD RELATING TO CERTAIN COVID-19 LOANS.

    (a) In General.--Not later than 60 days after the date of the
enactment of this Act, and every 3 months thereafter, the Inspector
General of the Small Business Administration shall submit to the
Committee on Small Business of the House of Representatives and the
Committee on Small Business and Entrepreneurship of the Senate a report
on the number of borrowers engaged in fraud with respect to a covered
loan.
    (b) Elements.--The report required under subsection (a) shall
include, with respect to the period covered by such report--
            (1) the number and total dollar amount of all covered loans
        made;
            (2) the number of new cases of fraud and suspected fraud;
            (3) the number of fraud cases resolved; and
            (4) the types of fraud cases described in paragraphs (2)
        and (3).
    (c) Covered Loan Defined.--In this section, the term ``covered
loan'' means--
            (1) a loan made under paragraph (36) or (37) of section
        7(a) of the Small Business Act (15 U.S.C. 636(a)); or
            (2) a loan made under section 7(b) of such Act (15 U.S.C.
        636(b)) in response to COVID-19 during the covered period (as
        defined in section 1110(a) of the CARES Act (15 U.S.C. 9009)).
    (d) Termination.--This Act and the requirements of this Act shall
terminate on the date that is two years after the date of the enactment
of this Act.

SEC. 3. COMPLIANCE WITH CUTGO.

    No additional amounts are authorized to be appropriated to carry
out this Act.
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