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

<DOC>





                                                 Union Calendar No. 590
119th CONGRESS
  2d Session
                                H. R. 826

                          [Report No. 119-677]

 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

                              June 3, 2026

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed
 [Strike out all after the enacting clause and insert the part printed 
                               in italic]
[For text of introduced bill, see copy of bill as introduced on January 
                               28, 2025]


_______________________________________________________________________

                                 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 
2026''.

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 carry out this Act.
                                                 Union Calendar No. 590

119th CONGRESS

  2d Session

                               H. R. 826

                          [Report No. 119-677]

_______________________________________________________________________

                                 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.

_______________________________________________________________________

                              June 3, 2026

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed