YourVoice.Now Summary
Transparency & AccountabilityCongress would get a fraud tally on pandemic small-business loans every three months — for two years.
Transparency & Accountability
The Small Business Administration's watchdog office would track fraud in the pandemic loan programs. Every three months it would tell Congress what it found. That means new cases, suspected cases, closed cases, and the types of fraud.
The reporting duty would switch off two years after the law takes effect. Congress would have to pass another law to keep the updates coming.
More about this bill
You would notice no change in your daily life if this becomes law. It orders a new fraud report on pandemic-era small business loans. The Small Business Administration's watchdog office, its inspector general, would write it. The report would go to the small business committees in the House and the Senate. The first one would be due within 60 days of the law taking effect. A new one would follow every three months. Each report would cover Paycheck Protection Program loans and COVID-19 disaster loans. It would list how many of those loans were made and their total dollar value. It would also list new fraud cases, suspected cases, closed cases, and the kinds of fraud found. The reports would stop two years after the law starts. No new money is set aside to pay for the work.
Congressional Summary
COVID Fraud Transparency Act of 2026 This bill requires the Small Business Administration's Office of Inspector General to report quarterly to Congress about fraud cases involving certain COVID-19 loans (e.g., Paycheck Protection Program loans). The report must include the number and total dollar amount of such loans, number of new cases of fraud and suspected fraud, number of fraud cases resolved, and types of such cases of fraud. The reporting requirements terminate two years after this bill is enacted.
Legislative Subjects
Details
- Congress
- 119th
- Chamber
- House
- Status
- summarized
- Action
- Reported to House
- Action Date
- 2026-06-03
- Date Added
- 2026-06-19
- Source
- Congress.gov →
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