To require the Inspector General of the Small Business Administration to submit a quarterly report on fraud relating to certain COVID–19 loans.
Sponsors
Legislative Progress
IntroducedMr. Williams of Texas (for himself, Mr. Latimer, Mr. Bean …
Summary
What This Bill Does
This bill requires the Inspector General of the Small Business Administration (SBA) to submit quarterly reports to Congress on fraud related to COVID-19 emergency loans. The reports must include data on PPP loans, EIDL loans, and COVID-related disaster loans issued during the pandemic.
Who Benefits and How
- Congressional oversight committees gain systematic visibility into fraud patterns in COVID relief programs, receiving detailed quarterly updates on fraud cases, dollar amounts involved, and fraud types.
- Taxpayers benefit from increased accountability, as regular fraud reporting may help recover misused funds and deter future fraud.
- Legitimate small businesses benefit indirectly, as greater fraud enforcement protects the integrity of programs they relied on.
Who Bears the Burden and How
- The SBA Inspector General's office must compile and submit quarterly fraud reports, requiring staff time and resources for ongoing data collection, analysis, and reporting.
- The bill explicitly states no additional appropriations are authorized, meaning the SBA IG must absorb these reporting requirements within existing budgets.
Key Provisions
- Mandates quarterly fraud reports starting 60 days after enactment
- Reports must include: total covered loans made, new fraud cases, resolved fraud cases, and fraud types
- Covers PPP loans, EIDL loans, and COVID disaster loans under the CARES Act
- Contains a 2-year sunset provision, automatically terminating the reporting requirement
- No new funding is authorized (CUTGO compliance)
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
This bill aims to enhance transparency regarding fraud associated with COVID-19 loans by mandating the Inspector General of the Small Business Administration to submit quarterly reports on borrower fraud incidents.
Policy Domains
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_inspector_general"
- → Inspector General of the Small Business Administration
- "the_committee_on_small_business"
- → Committee on Small Business of the House of Representatives
- "the_committee_on_small_business_and_entrepreneurship"
- → Committee on Small Business and Entrepreneurship of the Senate
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology