HR826
Referred to committee
COVID Fraud Transparency Act of 2026
- Federal
- House
- Introduced Jan 28, 2025
- Session 119
Bill Text
Version EHThis Act may be cited as the COVID Fraud Transparency Act of 2026.
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.
The report required under subsection (a) shall include, with respect to the period covered by such report—
the number and total dollar amount of all covered loans made;
the number of new cases of fraud and suspected fraud;
the number of fraud cases resolved; and
the types of fraud cases described in paragraphs (2) and (3).
In this section, the term covered loan means—
a loan made under paragraph (36) or (37) of section 7(a) of the Small Business Act (15 U.S.C. 636(a)); or
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)).
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.
No such funds are authorized to be appropriated to carry out this Act.
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.
The report required under subsection (a) shall include, with respect to the period covered by such report—
the number and total dollar amount of all covered loans made;
the number of new cases of fraud and suspected fraud;
the number of fraud cases resolved; and
the types of fraud cases described in paragraphs (2) and (3).
In this section, the term covered loan means—
a loan made under paragraph (36) or (37) of section 7(a) of the Small Business Act (15 U.S.C. 636(a)); or
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)).
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.
No such funds are authorized to be appropriated to carry out this Act.
Legislative Timeline
15 actions-
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
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Mr. Williams (TX) moved to suspend the rules and pass the bill, as amended.
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Considered under suspension of the rules. (consideration: CR H4141-4142)
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DEBATE - The House proceeded with forty minutes of debate on H.R. 826.
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Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
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On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4141)
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Motion to reconsider laid on the table Agreed to without objection.
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Reported (Amended) by the Committee on Small Business. H. Rept. 119-677.
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Reported (Amended) by the Committee on Small Business. H. Rept. 119-677.
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Placed on the Union Calendar, Calendar No. 590.
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Committee Consideration and Mark-up Session Held
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Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 23 - 0.
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Introduced in House
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Introduced in House
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Referred to the House Committee on Small Business.