H.R. 826 (119th Congress) — Quarterly report on fraud relating to certain COVID–19 loans
Summary
Bill text of a bill of the 119th Congress, 1st Session, introduced in the House of Representatives on January 28, 2025, by Mr. Williams of Texas (for himself, Mr. Latimer, Mr. Bean of Florida, and Mr. Mfume), to require the Inspector General of the Small Business Administration to submit a quarterly report on fraud relating to certain COVID–19 loans. Section 2 requires the report not later than 60 days after enactment and every 3 months thereafter, on the number of borrowers engaged in fraud with respect to a covered loan. It defines a covered loan by reference to section 7(a) and section 7(b) of the Small Business Act, and terminates the requirements two years after enactment. Section 3 states that no additional amounts are authorized.
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- Issuer
- Congressional materials
- Document type
- 407464 2026 06 23 Committee On Small Business Celebrates Seven Commi Att1
- Date
- 2026-06-23
- Case
- 407464 2026 06 23 Committee On Small Business Celebrates Seven Commi Att1
Cite this document
“H.R. 826 (119th Congress) — Quarterly report on fraud relating to certain COVID–19 loans.”
Dated 2026-06-23. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2026-06-23-407464-2026-06-23-committee-on-small-business-celebrates-seven-commi-att1/
, SHA-256 71c48d792cef2712272cacd039f931062973c4e54041493be533a0ac0430784e.Full text
I
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 Ad-
ministration to submit a quarterly report on fraud relat-
ing to certain COVID–19 loans.
1 Be it enacted by the Senate and House of Representa-
2 tives of the United States of America in Congress assembled,
3 SECTION 1. SHORT TITLE.
4 This Act may be cited as the ‘‘COVID Fraud Trans-
5 parency Act of 2025’’.
6 SEC. 2. REPORT ON FRAUD RELATING TO CERTAIN COVID–
7 19 LOANS.
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8 (a) IN GENERAL.—Not later than 60 days after the
9 date of the enactment of this Act, and every 3 months
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2
1 thereafter, the Inspector General of the Small Business
2 Administration shall submit to the Committee on Small
3 Business of the House of Representatives and the Com-
4 mittee on Small Business and Entrepreneurship of the
5 Senate a report on the number of borrowers engaged in
6 fraud with respect to a covered loan.
7 (b) ELEMENTS.—The report required under sub-
8 section (a) shall include, with respect to the period covered
9 by such report—
10 (1) the number and total dollar amount of all
11 covered loans made;
12 (2) the number of new cases of fraud and sus-
13 pected fraud;
14 (3) the number of fraud cases resolved; and
15 (4) the types of fraud cases described in para-
16 graphs (2) and (3).
17 (c) COVERED LOAN DEFINED.—In this section, the
18 term ‘‘covered loan’’ means—
19 (1) a loan made under paragraph (36) or (37)
20 of section 7(a) of the Small Business Act (15 U.S.C.
21 636(a)); or
22 (2) a loan made under section 7(b) of such Act
23 (15 U.S.C. 636(b)) in response to COVID–19 dur-
24 ing the covered period (as defined in section 1110(a)
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25 of the CARES Act (15 U.S.C. 9009)).
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3
1 (d) TERMINATION.—This Act and the requirements
2 of this Act shall terminate on the date that is two years
3 after the date of the enactment of this Act.
4 SEC. 3. COMPLIANCE WITH CUTGO.
5 No additional amounts are authorized to be appro-
6 priated to carry out this Act.
Æ
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