[House Report 119-671]
[From the U.S. Government Publishing Office]


119th Congress    }                                      {      Report
                        HOUSE OF REPRESENTATIVES
 2d Session       }                                      {     119-671

======================================================================



 
             RECOVER COVID UNEMPLOYMENT FRAUD IN BANKS ACT

                                _______
                                

  May 29, 2026.--Committed to the Committee of the Whole House on the 
              State of the Union and ordered to be printed

                                _______
                                

Mr. Smith of Missouri, from the Committee on Ways and Means, submitted 
                             the following

                              R E P O R T

                        [To accompany H.R. 8873]

    The Committee on Ways and Means, to whom was referred the 
bill (H.R. 8873) to recover unclaimed pandemic-era unemployment 
compensation funds held by financial institutions or escheated 
to State unclaimed property administrators, and for other 
purposes, having considered the same, reports favorably thereon 
with an amendment and recommends that the bill as amended do 
pass.

                                CONTENTS

                                                                   Page
  I. SUMMARY AND BACKGROUND......................................     4
          A. Purpose and Summary.................................     4
          B. Background and Need for Legislation.................     4
          C. Legislative History.................................     8
          D. Designated Hearing..................................     8
 II. EXPLANATION OF THE BILL.....................................     8
          A. Reasons for Change..................................     8
          B. Explanation of Provisions...........................     9
          C. Effective Date......................................    10
III. VOTE OF THE COMMITTEE.......................................    10
 IV. BUDGET EFFECTS OF THE BILL..................................    10
          A. Committee Estimate of Budgetary Effects.............    10
          B. Statement Regarding New Budget Authority and Tax 
              Expenditures Budget Authority......................    11
          C. Cost Estimate Prepared by the Congressional Budget 
              Office.............................................    11
  V. OTHER MATTERS TO BE DISCUSSED UNDER THE RULES OF THE HOUSE..    11
          A. Committee Oversight Findings and Recommendations....    11
          B. Statement of General Performance Goals and 
              Objectives.........................................    11
          C. Information Relating to Unfunded Mandates...........    11
          D. Congressional Earmarks, Limited Tax Benefits, and 
              Limited Tariff Benefits............................    11
          E. Duplication of Federal Programs.....................    12
 VI. CHANGES IN EXISTING LAW MADE BY THE BILL, AS REPORTED.......    12

    The amendment is as follows:
  Strike all after the enacting clause and insert the 
following:

SECTION 1. SHORT TITLE.

  This Act may be cited as the ``Recover COVID Unemployment Fraud in 
Banks Act''.

SEC. 2. NATIONAL RECOVERY COORDINATOR AND TASK FORCE.

  (a) In General.--
          (1) Designation of national recovery coordinator.--The 
        Secretary of Labor, in consultation with the Secretary of the 
        Treasury, the Inspector General of the Department of Labor, and 
        the Attorney General, shall designate an official to serve as 
        National Recovery Coordinator to oversee and coordinate the 
        activities and responsibilities of the task force described in 
        paragraph (2).
          (2) Task force establishment.--Not later than 30 days after 
        the date of enactment of this Act, the National Recovery 
        Coordinator shall convene a task force to be named the 
        ``Recover Pandemic Unemployment Funds in Banks Task Force'' (in 
        this section, the ``Task Force'').
          (3) Members.--The Task Force shall include--
                  (A) the Attorney General, or their designee;
                  (B) the Secretary of Labor, or their designee;
                  (C) the Inspector General of the Department of Labor, 
                or their designee;
                  (D) the Secretary of the Treasury, or their designee;
                  (E) the Chairman of the Federal Deposit Insurance 
                Corporation, or their designee; and
                  (F) the Director of the Consumer Financial Protection 
                Bureau, or their designee.
  (b) Task Force Responsibilities.--It shall be the responsibility of 
the Task Force to--
          (1) coordinate with applicable State agencies to identify 
        Federal pandemic unemployment compensation payments issued on 
        prepaid debit cards that--
                  (A) are held by financial institutions, and other 
                entities identified by the Inspector General of the 
                Department of Labor, contracted by a State agency to 
                transfer such payments to unemployment claimants; or
                  (B) were transferred by such an entity to, and are 
                currently held by, a State agency responsible for 
                unclaimed property;
          (2) coordinate with appropriate Federal agencies to develop 
        model processes which comply with relevant Federal and State 
        laws and result in cost-effective recovery of the payments 
        identified under paragraph (1), including issuing guidance, in 
        coordination with the Secretary of Labor, to administrators of 
        State agencies responsible for administering Federal 
        unemployment compensation payments or determining fraud in such 
        programs, including--
                  (A) guidelines for--
                          (i) reviewing such payments and determining 
                        if such a payment was an improper payment;
                          (ii) determining whether cost-effective 
                        recovery of an improper payment is possible, 
                        including a threshold, or a methodology for 
                        calculating a dollar threshold, for cost-
                        effective recovery; and
                          (iii) actions, consistent with State law, to 
                        be taken by the State agency if an improper 
                        payment is determined to be the result of 
                        fraud;
                  (B) assurances that, subject to section 303(g) of the 
                Social Security Act (42 U.S.C. 503(g)), any action 
                taken in relation to a determination that a payment 
                identified under paragraph (1) is an improper payment 
                shall be taken under State law;
                  (C) a model notice and information, developed in 
                coordination with the Consumer Financial Protection 
                Bureau, about resources available to individuals whose 
                identity information is determined to have been 
                fraudulently used to obtain Federal pandemic 
                unemployment compensation;
                  (D) information on the legal pathways described under 
                paragraphs (3) and (4) for recovery of payments that 
                are improper payments held by financial institutions 
                and agencies described in paragraph (1); and
                  (E) procedural requirements for State agencies to 
                follow when funds are returned by such institutions 
                that provides a standardized methodology to return 
                funds to the Federal Government;
          (3) issue guidance, in coordination with the Comptroller of 
        the Currency and Chairman of the Federal Deposit Insurance 
        Corporation, to financial institutions described in paragraph 
        (1) that are holding payments that are improper payments that 
        provides information on a legal pathway, consistent with 
        banking regulations and applicable contracts with State 
        agencies, for returning such payments to the appropriate State 
        agency; and
          (4) issue guidance, in coordination with the Secretary of 
        Treasury, to administrators of State agencies responsible for 
        unclaimed property on the obligations of such agencies to 
        review and return payments described in paragraph (1)(B) to the 
        appropriate State agency.
  (c) Consultation Requirement.--In developing the guidance required to 
be issued under paragraphs (2), (3), and (4) of subsection (b), the 
Task Force shall consult with State agencies and incorporate best 
practices from previous attempts by any such States to recover payments 
determined to be improper payments from institutions described in 
paragraph (1)(A) of such subsection.
  (d) State Administrative Costs.--The Secretary of Labor shall 
reimburse States for all administrative costs incurred as a result of 
coordination with the Task Force by reason of an agreement under 
section 2102, 2104, or 2107 of the CARES Act (15 U.S.C. 9201; 9203; 
9205).
  (e) Definitions.--Except as otherwise specified, in this section:
          (1) Federal pandemic unemployment compensation.--The term 
        ``Federal pandemic unemployment compensation'' means a payment 
        of--
                  (A) pandemic unemployment assistance under section 
                2102(b) of the CARES Act (15 U.S.C. 9021(b));
                  (B) Federal Pandemic Unemployment Compensation and 
                Mixed Earner Unemployment Compensation under section 
                2104(b)(1) of the CARES Act (15 U.S.C. 9023(b)(1)); and
                  (C) pandemic emergency unemployment compensation 
                under section 2107(a)(2) of the CARES Act (15 U.S.C. 
                9025(a)(2)).
          (2) Improper payment.--The term ``improper payment'' means 
        any amount of a pandemic unemployment payment to which the 
        individual is not entitled.
          (3) State; state agency; state law.--The terms ``State'', 
        ``State agency'', and ``State law'' have the meanings given 
        those terms in section 205 of the Federal-State Extended 
        Unemployment Compensation Act of 1970 (26 U.S.C. 3304 note).

SEC. 3. EXTENSION OF THE STATUTE OF LIMITATIONS FOR PANDEMIC 
                    UNEMPLOYMENT FRAUD BY INDIVIDUALS UNDER CERTAIN 
                    UNEMPLOYMENT PROGRAMS.

  (a) Pandemic Unemployment Assistance.--Section 2102 of the CARES Act 
(15 U.S.C. 9021) is amended--
          (1) by redesignating subsection (h) as subsection (i); and
          (2) by inserting after subsection (g) the following new 
        subsection:
  ``(h) Statute of Limitations.--
          ``(1) In general.--Notwithstanding any other provision of law 
        and subject to paragraph (2), any criminal prosecution or civil 
        enforcement action for a violation of, or conspiracy to 
        violate, section 371, 641, 1028A, 1029, 1341, 1343, 1344, 1349, 
        1956, or 1957 of title 18, United States Code, or section 3729 
        or 3802 of title 31, United States Code, with respect to any 
        unemployment compensation claim funded in whole or in part by 
        pandemic unemployment assistance under this section shall be 
        brought not later than 10 years after the date of the violation 
        or conspiracy.
          ``(2) Exception.--Paragraph (1) shall not apply with respect 
        to a criminal prosecution or civil enforcement action if the 
        statute of limitations applicable to such criminal prosecution 
        or civil enforcement action expired prior to the date of 
        enactment of the Recover COVID Unemployment Fraud in Banks 
        Act.''.
  (b) Federal Pandemic Unemployment Compensation and Mixed Earner 
Unemployment Compensation.--Section 2104(f) of the CARES Act (15 U.S.C. 
9023(f)) is amended by adding at the end the following new paragraph:
          ``(5) Statute of limitations.--
                  ``(A) In general.--Notwithstanding any other 
                provision of law and subject to subparagraph (B), any 
                criminal prosecution or civil enforcement action for a 
                violation of, or conspiracy to violate, section 371, 
                641, 1028A, 1029, 1341, 1343, 1344, 1349, 1956, or 1957 
                of title 18, United States Code, or section 3729 or 
                3802 of title 31, United States Code, with respect to 
                any unemployment compensation claim funded in whole or 
                in part by Federal Pandemic Unemployment Compensation 
                or Mixed Earner Unemployment Compensation under this 
                section shall be brought not later than 10 years after 
                the date of the violation or conspiracy.
                  ``(B) Exception.--Subparagraph (A) shall not apply 
                with respect to a criminal prosecution or civil 
                enforcement action if the statute of limitations 
                applicable to such criminal prosecution or civil 
                enforcement action expired prior to the date of 
                enactment of the Recover COVID Unemployment Fraud in 
                Banks Act.''.
  (c) Pandemic Emergency Unemployment Compensation.--Section 2107(e) of 
the CARES Act (15 U.S.C. 9025(e)) is amended by adding at the end the 
following new paragraph:
          ``(5) Statute of limitations.--
                  ``(A) In general.--Notwithstanding any other 
                provision of law and subject to subparagraph (B), any 
                criminal prosecution or civil enforcement action for a 
                violation of, or conspiracy to violate, section 371, 
                641, 1028A, 1029, 1341, 1343, 1344, 1349, 1956, or 1957 
                of title 18, United States Code, or section 3729 or 
                3802 of title 31, United States Code, with respect to 
                any unemployment compensation claim funded in whole or 
                in part by Pandemic Emergency Unemployment Compensation 
                under this section shall be brought not later than 10 
                years after the date of the violation or conspiracy.
                  ``(B) Exception.--Subparagraph (A) shall not apply 
                with respect to a criminal prosecution or civil 
                enforcement action if the statute of limitations 
                applicable to such criminal prosecution or civil 
                enforcement action expired prior to the date of 
                enactment of the Recover COVID Unemployment Fraud in 
                Banks Act.''.
  (d) Effective Date.--The amendments made by section Act shall take 
effect on the date of enactment of this Act.

                       I. SUMMARY AND BACKGROUND


                         A. Purpose and Summary

    H.R. 8873, the ``Recover COVID Unemployment Fraud in Banks 
Act,'' as ordered reported by the Committee on Ways and Means 
on May 21, 2026, establishes a federal taskforce, led by a 
National Recovery Coordinator, to coordinate with applicable 
state agencies to reconcile unspent federal pandemic 
unemployment insurance (UI) payments issued on prepaid debit 
cards held by banks and develop model processes that facilitate 
the cost-effective recovery of payments and return them to the 
federal government. The bill includes due process protections 
and information for UI claimants found to have had their 
identity stolen connected to fraudulent payments, requires the 
issuance of guidance to financial institutions that provides a 
legal pathway to return payments to the appropriate state 
agency, and mandates the creation of guidance to states 
agencies responsible for unclaimed property on the obligations 
of their agencies to review and return payments to the federal 
government.
    The bill also establishes a 10-year statute of limitations 
for criminal prosecution and civil enforcement actions related 
to fraudulent unemployment claims funded by federal pandemic 
unemployment programs created in the Coronavirus Aid, Relief, 
and Economic Security (CARES) Act (P.L. 116-136). These 
programs include Pandemic Unemployment Assistance (PUA), 
Federal Pandemic Unemployment Compensation (FPUC), Mixed Earner 
Unemployment Compensation (MEUC), and Pandemic Emergency 
Unemployment Compensation (PEUC). The bill doubles the statute 
of limitations, which started to expire on March 27, 2025, from 
five to 10 years, allowing federal law enforcement to continue 
prosecuting criminals, recover billions in taxpayer dollars 
lost to fraud during the COVID-19 pandemic and prevent the 
continued escheatment of frozen UI payments on prepaid debit 
cards to state unclaimed property administrators.

                 B. Background and Need for Legislation

    On March 27, 2020, the CARES Act was signed into law in 
response to the COVID-19 pandemic. The law included 
authorization for several new, temporary federal pandemic 
unemployment programs to: (1) provide supplemental payments (an 
additional $600/week and subsequently $300/week) on top of 
state regular UI payments; (2) cover self-employed and gig 
workers not eligible for state UI; and (3) extend the number of 
weeks unemployed workers could receive benefits. Like other 
pandemic-era programs, such as the Paycheck Protection Program 
(PPP), fraud was rampant in pandemic unemployment programs. 
Generous benefits and high demand for immediate relief 
overwhelmed state workforce agencies and allowed both domestic 
and international fraudsters access to benefits, largely 
through use of stolen personally identifiable information 
(PII). Fraud delayed legitimate payments getting to workers and 
resulted in an estimated $100-$135 billion in stolen 
unemployment.\1\ According to the most recent data from the 
Department of Labor, only $6 billion, or roughly four percent, 
has been recovered.\2\
---------------------------------------------------------------------------
    \1\Government Accountability Office (GAO-23-106696). ``Unemployment 
Insurance. Estimated Amount of Fraud during Pandemic Likely Between 
$100 Billion and $135 Billion,'' September 12, 2023.
    \2\U.S. Department of Labor Employment and Training Administration. 
UI Recovery Rates Report, https://oui.doleta.gov/unemploy/recovery/
recovery_rpt.asp.
---------------------------------------------------------------------------
    During the pandemic, many states distributed millions in 
pandemic unemployment benefits through prepaid debit cards 
issued by banks. Banks are subject to federal laws that require 
them to flag and report suspicious fraudulent activity. In some 
cases, banks flagged debit card accounts containing 
unemployment benefits for signs of fraud and froze the funds, 
preventing them from being issued.
    On January 30, 2026, and February 10, 2026, the Department 
of Labor Inspector General (DOL-OIG) published two fraud alert 
memos addressed to the Department of Labor (DOL) Employment and 
Training Administration (ETA) describing the findings from 
subpoenas to several financial institutions and concluded there 
is a ``significant risk of loss of taxpayer funds.'' DOL-OIG's 
investigation found that thousands of prepaid debit cards have 
been left abandoned by state workforce agencies, unreconciled, 
and in some cases transferred to state unclaimed property 
divisions. DOL-OIG found that $720 million in UI benefits are 
sitting on prepaid debit cards in banks, while another $192 
million has already been escheated to state unclaimed property 
divisions due to inactivity. Escheatment is the legal process 
where financial institutions transfer ``abandoned'' or 
unclaimed property, such as dormant bank accounts, uncashed 
checks, or securities, to the state when the owner cannot be 
located. The state acts as the custodian, holding these assets 
indefinitely for the rightful owner to claim. Accounts are 
typically considered abandoned after a period of inactivity 
(often 3-5 years) and after failed attempts to contact the 
owner.
    DOL-OIG urged swift action and recommended that ETA issue 
guidance to state workforce agencies within 30 days to ensure 
relevant parties commence engagement to assess their findings 
and take action to recover the funds. DOL-OIG's press release 
stated, ``. . . without immediate action, American taxpayers 
could lose $912 million tied to pandemic unemployment insurance 
fraud.''\3\
---------------------------------------------------------------------------
    \3\Press release: ``U.S. Department of Labor's Inspector General 
Uncovers Nearly $1 Billion in Taxpayer Money at Risk--Tied to COVID 
Unemployment Fraud,'' February 11, 2026.
---------------------------------------------------------------------------
    DOL-OIG examined over $1.3 billion in affected UI funds 
held on more than 6.5 million prepaid card accounts issued by 
Financial Institutions 1 (FI1) and 2 (FI2). In total, across 
both financial institutions, DOL-OIG found:
           $1 billion remained on 5,902,117 prepaid 
        card accounts; and
           $267 million in already escheated UI funds 
        from 915,495 prepaid card accounts.
    Of these totals, DOL-OIG identified $912 million in 
potentially fraudulently obtained funds that was, or is, 
currently being held on 3,912,746 accounts.
           $720 million (69% of the $1.04 billion) in 
        potentially fraudulently obtained funds was being held 
        on 3,453,080 FI1 and FI2 prepaid cards.
           $192 million (72% of the $267 million) in 
        potentially fraudulently obtained FI1 and FI2 funds 
        that have been escheated to state unclaimed property.

                       Summary of DOL-OIG Findings of Pandemic Unemployment Funds in Banks
----------------------------------------------------------------------------------------------------------------
                                                             Financial          Financial
                                                           Institution #1     Institution #2         Total
----------------------------------------------------------------------------------------------------------------
Potential Fraudulent Funds Held by Bank................       $523 million       $197 million       $720 million
    # of Debit Cards...................................        2.7 million            774,000        3.4 million
    Highest Amount on a Single Card....................            $76,000            $56,000  .................
Already Transferred to State Unclaimed Property........       $191 million            $48,059       $192 million
Total Possible Funds to be Recovered...................  .................  .................      $912 million
----------------------------------------------------------------------------------------------------------------
NOTE: Labor Department Inspector General assessed the state versus federal share of UI funding held by banks as
  78% federal and 22% state unemployment funds.

    Even more concerning, when reviewing debit card accounts 
held by FI1 and FI2, DOL-OIG found $472 million, or nearly half 
of the funds, were associated with claims that DOL-OIG had 
previously flagged for DOL and state workforce agencies as 
being potentially fraudulent in September 2022.\4\ In that 
alert transmittal, DOL-OIG identified claims in states in four 
specific high-risk areas, including payments to individuals 
with Social Security numbers: (1) filed in multiple states, (2) 
of deceased persons, (3) used to file UI claims with suspicious 
email accounts, and (4) of federal prisoners.
---------------------------------------------------------------------------
    \4\Alert Memorandum: Potentially Fraudulent Unemployment Insurance 
Payments in High-Risk Areas Increased to $45.6 Billion, Report No. 19-
22-005-03-315 (September 21, 2022), https://www.oig.dol.gov/public/
reports/oa/2022/19-22-005-03-315.pdf, Department of Labor, Office of 
Inspector General.
---------------------------------------------------------------------------
    These recent findings indicate that many states took no 
action regarding these prior flags, thus the millions of 
dollars on ``forgotten'' debit cards still held by banks, and 
unresolved by states. Recovering overpayments is a legally 
required part of the UI program. However, states lack incentive 
to resolve COVID-era claims largely because the majority of the 
funds distributed during that time were federal (approximately 
78%). Therefore, any time or staff associated with reviewing 
claims for suspicious activity would need to be absorbed by the 
state--but any dollars recovered go back to federal Treasury. 
Following the pandemic, states were eager to ``move on'' and 
lacked the staff to investigate the large volume of past claims 
that were deemed fraudulent or suspicious, as evidenced by the 
recent DOL-OIG findings.
    Inaction means that unresolved taxpayer funds get turned 
over to state unclaimed property divisions, essentially 
abandoning millions in federal funds to state coffers. During a 
hearing held by the Subcommittee on Work and Welfare on March 
5, 2026, ``Reclaiming ``Forgotten'' Fraudulent Pandemic 
Unemployment Funds Frozen by Banks,'' DOL-OIG Anthony 
D'Esposito stated that nearly $1 billion in fraudulent 
unemployment benefits remain unclaimed or frozen in prepaid 
debit card accounts across 21 states and that more than $200 
million of funds flagged for fraud have already been 
transferred to state unclaimed property divisions. Furthermore, 
the DOL-OIG estimated a total of $500 million will be escheated 
by late summer or early fall if no action is taken by 
Congress.\5\ However, absent new authority, DOL cannot compel 
states to act. In addition, banks have cited challenges with 
concerns about liability and lack of a clear pathway from the 
federal government for safely returning funds to states.
---------------------------------------------------------------------------
    \5\Email from DOL-OIG to Ways and Means Committee Majority Staff, 
dated May 11, 2026.
---------------------------------------------------------------------------
    Following the pandemic, some states were able to work 
proactively with banks to recover funds. These states went 
through the process to reconcile prepaid debit accounts of 
claimants that were flagged for fraud by banks to recover what 
state and federal funds they could. For example, in Ohio and 
Maryland, funds were identified in banks and returned through 
action on the part of the state and mutual cooperation. During 
a Work and Welfare Subcommittee in February 6, 2025, Time's 
Running Out: Prosecuting Fraudsters for Stealing Billions in 
Unemployment Benefits from American Workers, one of our 
witnesses testified to the recovery of nearly $400 million by 
the Ohio Department of Job and Family Services from multiple 
financial institutions.\6\ Last August, DOL-OIG working with 
ETA, and the Maryland Department of Labor, facilitated the 
return of approximately $520 million in suspected fraudulent 
pandemic unemployment payments on bank debit cards to the 
federal Treasury, which had been frozen by Bank of America.\7\ 
Despite these state successes, the recent DOL-OIG reports 
indicate that much more work is left to be done and federal 
action may be required to ensure funds are fully recovered.
---------------------------------------------------------------------------
    \6\Hearing: ``Time's Running Out: Prosecuting Fraudsters for 
Stealing Billions in Unemployment Benefits from American Workers,'' 
February 6, 2025, Subcommittee on Work and Welfare, Committee on Ways 
and Means.
    \7\Press release: ``U.S. Department of Labor Helps recover $520 
million in suspected fraudulent pandemic-era unemployment insurance 
payments,'' August 14, 2025.
---------------------------------------------------------------------------
    H.R. 8873 is responsive to law enforcement agencies and 
financial institutions' desire to have Congressional action to 
address this urgent situation. By establishing a federal task 
force, led by a National Recovery Coordinator, to coordinate 
with applicable state workforce agencies to identify federal 
pandemic UI payments issued on prepaid debit cards held by 
financial institutions or transferred to state agencies 
responsible for unclaimed property and providing a legal 
pathway for financial institutions to return payments to state 
agencies is decisive action needed to craw these funds back and 
safeguard taxpayer's money.
    H.R. 8873 also includes an extension of the statute of 
limitations for prosecuting criminal and civil enforcement 
actions involving pandemic unemployment fraud. Section 3 of the 
bill is the same language included in H.R. 1156, which passed 
the House as a standalone bill on March 11, 2025. Since then, 
the Congressional Budget Office (CBO) revised their score of 
that bill, which originally attributed a cost of $10 million/10 
years, to savings of $10 million/10 years attributable to a 
reduction in direct spending as a result of additional federal 
recoveries of fraudulent payments.\8\ (Also see the Committee's 
report with further explanation and background for changes 
included in H.R. 1163.)
---------------------------------------------------------------------------
    \8\Email from CBO to House and Senate Majority and Minority 
Committee staff dated March 6, 2026.
---------------------------------------------------------------------------

                         C. Legislative History


Background

    H.R. 8873 was introduced on May 19, 2026, and was referred 
to the Committee on Ways and Means.

Committee Hearings

    The Committee has held the following hearings:
    On March 5, 2026, the Committee on Ways and Means 
Subcommittee on Work and Welfare held a hearing titled 
``Reclaiming ``Forgotten'' Fraudulent Pandemic Unemployment 
Funds Frozen by Banks.''

Committee Action

    The Committee on Ways and Means marked up H.R. 8873, 
``Recover COVID Unemployment Fraud in Banks Act,'' on May 21, 
2026, and ordered the bill, as amended, favorably reported 
(with a quorum being present).

                         D. Designated Hearing

    Pursuant to clause 3(c)(6) of rule XIII, the following 
hearing was used to develop and consider: ``Reclaiming 
``Forgotten'' Fraudulent Pandemic Unemployment Funds Frozen by 
Banks,'' hearing held on March 5, 2026.

                      II. EXPLANATION OF THE BILL


                         A. Reasons for Change

    Section 1. The Committee believes the title accurately 
reflects the content of the bill.
    Section 2. The Committee believes establishing a federal 
taskforce, led by a National Recovery Coordinator, to 
coordinate with states to review and recover federal pandemic 
UI payments issued on prepaid debit cards banks or already 
transferred to state unclaimed property managers will result in 
additionally recovery of stolen UI funds to the American 
taxpayer.
    Section 3. The Committee believes extending the statute of 
limitations for criminal prosecution and civil enforcement 
actions in pandemic unemployment programs from 5 to 10 years 
will give federal law enforcement officials the tools to hold 
criminals who perpetrated pandemic fraud accountable and lead 
to additional recovery of taxpayer dollars.

                      B. Explanation of Provisions

    Section 1. This section provides the short title, Recover 
COVID Unemployment Fraud in Banks Act.
    Section 2. Requires establishment of a federal taskforce 
within 30 days of enactment, to be named the ``Recover Pandemic 
Unemployment Funds in Banks Task Force,'' led by a National 
Recovery Coordinator.
    Establishes members of the task force to include: the 
Attorney General, Secretary of Labor, Inspector General of the 
Department of Labor, Secretary of the Treasury, Chairman of the 
Federal Deposit Insurance Corporation, and Director of the 
Consumer Financial Protection Bureau.
    Outlines task force responsibilities to include:
           Coordinating with state agencies to identify 
        federal pandemic unemployment compensation payments 
        issued on prepaid debit cards held by financial 
        institutions or transferred to state agencies 
        responsible for unclaimed property;
           Coordinating with appropriate federal 
        agencies to develop model processes that result in 
        cost-effective recovery of such payments, including 
        issuing guidance to state agencies with guidance 
        pertaining to:
                   reviewing payments and 
                determining whether a payment was an improper 
                payment; determining cost effective recovery 
                thresholds;
                   actions to be taken by the state 
                if an improper payment is determined to be the 
                result of fraud;
                   model notice and information 
                about resources available to individuals whose 
                identity information is determined to have been 
                fraudulently used;
                   information on legal pathways 
                for recovery of improper payments held by 
                financial institutions; and
                   procedural requirements for 
                returning funds to the federal government.
           Issuing guidance to financial institutions 
        holding such payments, providing them with a legal 
        pathway to return payments to the appropriate state 
        agency;
           Issuing guidance to administrators of state 
        agencies responsible for unclaimed property on the 
        obligations of their agencies to review and return 
        payments to the appropriate state agency.
    Requires the task force to consult with state agencies and 
incorporate best practices from previous attempts by state 
agencies to recover payments determined to be improper payments 
from financial institutions.
    Provides that the Secretary of Labor shall reimburse states 
for administrative costs incurred as a result of coordination 
with the task force.
    Provides definitions of ``federal pandemic unemployment 
compensation'' to include pandemic unemployment programs funded 
by the CARES Act (P.L. 116-136); ``improper payments;'' and 
``state agency''.
    Section 3. Establishes a 10-year statute of limitations, 
based on the date of the violation, for criminal prosecution 
and civil enforcement actions related to fraudulent 
unemployment claims funded in or whole in part by the following 
CARES Act programs: Pandemic Unemployment Assistance; Federal 
Pandemic Unemployment Compensation and Mixed Earner 
Unemployment Compensation; and Pandemic Emergency Unemployment 
Compensation.
    Provides an exception with respect to criminal prosecution 
or civil enforcement if the statute of limitations applicable 
to such criminal prosecution or civil enforcement expired prior 
to the date of enactment.

                           C. Effective Date

    This bill would become effective upon enactment.

                       III. VOTE OF THE COMMITTEE

    In compliance with the Rules of the House of 
Representatives, the following statement is made concerning the 
vote of the Committee on Ways and Means during the markup 
consideration of H.R. 8873, the ``Recover COVID Unemployment 
Fraud in Banks Act,'' on May 21, 2026.
    H.R. 8873 was ordered favorably reported to the House of 
Representatives as amended by a roll call vote of 41 yeas to 0 
nays (with a quorum being present). The vote was as follows:

----------------------------------------------------------------------------------------------------------------
        Representative             Yea       Nay      Present    Representative      Yea       Nay      Present
----------------------------------------------------------------------------------------------------------------
Mr. Smith (MO)................        X   .........  .........  Mr. Neal........        X   .........  .........
Mr. Buchanan..................  ........  .........  .........  Mr. Doggett.....        X   .........  .........
Mr. Smith (NE)................        X   .........  .........  Mr. Thompson....        X   .........  .........
Mr. Kelly.....................        X   .........  .........  Mr. Larson......        X   .........  .........
Mr. Schweikert................        X   .........  .........  Mr. Davis.......        X   .........  .........
Mr. LaHood....................        X   .........  .........  Ms. Sanchez.....        X   .........  .........
Mr. Arrington.................        X   .........  .........  Ms. Sewell......        X   .........  .........
Mr. Estes.....................        X   .........  .........  Ms. DelBene.....        X   .........  .........
Mr. Smucker...................        X   .........  .........  Ms. Chu.........        X   .........  .........
Mr. Hern......................        X   .........  .........  Ms. Moore (WI)..        X   .........  .........
Mrs. Miller (WV)..............  ........  .........  .........  Mr. Boyle.......        X   .........  .........
Dr. Murphy....................        X   .........  .........  Mr. Beyer.......        X   .........  .........
Mr. Kustoff...................        X   .........  .........  Mr. Evans.......        X   .........  .........
Mr. Fitzpatrick...............        X   .........  .........  Mr. Schneider...        X   .........  .........
Mr. Steube....................  ........  .........  .........  Mr. Panetta.....        X   .........  .........
Ms. Tenney....................        X   .........  .........  Mr. Gomez.......        X   .........  .........
Mrs. Fischbach................        X   .........  .........  Mr. Horsford....        X   .........  .........
Mr. Moore (UT)................        X   .........  .........  Ms. Plaskett....        X   .........  .........
Ms. Van Duyne.................        X   .........  .........  Mr. Suozzi......        X   .........  .........
Mr. Feenstra..................        X   .........  .........
Ms. Malliotakis...............  ........  .........  .........
Mr. Carey.....................        X   .........  .........
Mr. Yakym.....................        X   .........  .........
Mr. Miller (OH)...............        X   .........  .........
Mr. Bean......................        X   .........  .........
Mr. Moran.....................        X   .........  .........
----------------------------------------------------------------------------------------------------------------

                     IV. BUDGET EFFECTS OF THE BILL


               A. Committee Estimate of Budgetary Effects

    With respect to clause 3(d) of rule XIII of the Rules of 
the House of Representatives, a cost estimate provided by the 
Congressional Budget Office pursuant to section 402 of the 
Congressional Budget Act of 1974 was not made available to the 
Committee in time for the filing of this report.

B. Statement Regarding New Budget Authority and Tax Expenditures Budget 
                               Authority

    In compliance with clause 3(c)(2) of rule XIII of the Rules 
of the House of Representatives, the Committee states that the 
bill involves no new or increased budget authority. The 
Committee states further that the bill involves no new or 
increased tax expenditures.

            C. Cost Estimate Prepared by the Congressional 
                             Budget Office

    With respect to the requirements of clause 3(c)(2) of rule 
XIII of the Rules of the House of Representatives and section 
308(a) of the Congressional Budget Act of 1974 and with respect 
to requirements of clause (3)(c)(3) of rule XIII of the Rules 
of the House of Representatives and section 402 of the 
Congressional Budget Act of 1974, the Committee has requested 
but not received a cost estimate for this bill from the 
Director of Congressional Budget Office. The Chairman of the 
Committee shall cause such estimate and statement to be printed 
in the Congressional Record upon its receipt by the Committee.

     V. OTHER MATTERS TO BE DISCUSSED UNDER THE RULES OF THE HOUSE


          A. Committee Oversight Findings and Recommendations

    With respect to clause 3(c)(1) of rule XIII of the Rules of 
the House of Representatives, the Committee made findings and 
recommendations that are reflected in this report.

        B. Statement of General Performance Goals and Objectives

    With respect to clause 3(c)(4) of rule XIII of the Rules of 
the House of Representatives, the Committee advises that the 
bill does not authorize funding, so no statement of general 
performance goals and objectives is required.

              C. Information Relating to Unfunded Mandates

    This information is provided in accordance with section 423 
of the Unfunded Mandates Reform Act of 1995 (Pub. L. No. 104-
4).
    The Committee has determined that the bill does not contain 
Federal mandates on the private sector. The Committee has 
determined that the bill does not impose a Federal 
intergovernmental mandate on State, local, or tribal 
governments.

  D. Congressional Earmarks, Limited Tax Benefits, and Limited Tariff 
                                Benefits

    With respect to clause 9 of rule XXI of the Rules of the 
House of Representatives, the Committee has carefully reviewed 
the provisions of the bill, and states that the provisions of 
the bill do not contain any congressional earmarks, limited tax 
benefits, or limited tariff benefits within the meaning of the 
rule.

                       E. Tax Complexity Analysis

    Pursuant to clause 3(h)(1) of rule XIII of the Rules of the 
House of Representatives, the staff of the Joint Committee on 
Taxation has determined that a complexity analysis is not 
required under section 4022(b) of the IRS Reform Act because 
the bill contains no provisions that amend the Internal Revenue 
Code of 1986 and that have ``widespread applicability'' to 
individuals or small businesses, within the meaning of the 
rule.

                   F. Duplication of Federal Programs

    In compliance with clause 3(c)(5) of rule XIII of the Rules 
of the House of Representatives, the Committee states that no 
provision of the bill establishes or reauthorizes: (1) a 
program of the Federal Government known to be duplicative of 
another Federal program; (2) a program included in any report 
from the Government Accountability Office to Congress pursuant 
to section 21 of Public Law 111-139; or (3) a program related 
to a program identified in the most recent Catalog of Federal 
Domestic Assistance, published pursuant to the Federal Program 
Information Act (Pub. L. No. 95-220, as amended by Pub. L. No. 
98-169).

       VI. CHANGES IN EXISTING LAW MADE BY THE BILL, AS REPORTED

    In compliance with clause 3(e) of rule XIII of the Rules of 
the House of Representatives, changes in existing law made by 
the bill, as reported, are shown as follows.

         Changes in Existing Law Made by the Bill, as Reported

  In compliance with clause 3(e) of rule XIII of the Rules of 
the House of Representatives, changes in existing law made by 
the bill, as reported, are shown as follows (existing law 
proposed to be omitted is enclosed in black brackets, new 
matter is printed in italics, and existing law in which no 
change is proposed is shown in roman):

                               CARES ACT




           *       *       *       *       *       *       *
   DIVISION A--KEEPING WORKERS PAID AND EMPLOYED, HEALTH CARE SYSTEM 
ENHANCEMENTS, AND ECONOMIC STABILIZATION

           *       *       *       *       *       *       *


  TITLE II--ASSISTANCE FOR AMERICAN WORKERS, FAMILIES, AND BUSINESSES

Subtitle A--Unemployment Insurance Provisions

           *       *       *       *       *       *       *


SEC. 2102. PANDEMIC UNEMPLOYMENT ASSISTANCE.

  (a) Definitions.--In this section:
          (1) COVID-19.--The term ``COVID-19'' means the 2019 
        Novel Coronavirus or 2019-nCoV.
          (2) COVID-19 public health emergency.--The term 
        ``COVID-19 public health emergency'' means the public 
        health emergency declared by the Secretary of Health 
        and Human Services on January 27, 2020, with respect to 
        the 2019 Novel Coronavirus.
          (3) Covered individual.--The term ``covered 
        individual''--
                  (A) means an individual who--
                          (i) is not eligible for regular 
                        compensation or extended benefits under 
                        State or Federal law or pandemic 
                        emergency unemployment compensation 
                        under section 2107, including an 
                        individual who has exhausted all rights 
                        to regular unemployment or extended 
                        benefits under State or Federal law or 
                        pandemic emergency unemployment 
                        compensation under section 2107;
                          (ii) provides self-certification that 
                        the individual--
                                  (I) is otherwise able to work 
                                and available for work within 
                                the meaning of applicable State 
                                law, except the individual is 
                                unemployed, partially 
                                unemployed, or unable or 
                                unavailable to work because--
                                          (aa) the individual 
                                        has been diagnosed with 
                                        COVID-19 or is 
                                        experiencing symptoms 
                                        of COVID-19 and seeking 
                                        a medical diagnosis;
                                          (bb) a member of the 
                                        individual's household 
                                        has been diagnosed with 
                                        COVID-19;
                                          (cc) the individual 
                                        is providing care for a 
                                        family member or a 
                                        member of the 
                                        individual's household 
                                        who has been diagnosed 
                                        with COVID-19;
                                          (dd) a child or other 
                                        person in the household 
                                        for which the 
                                        individual has primary 
                                        caregiving 
                                        responsibility is 
                                        unable to attend school 
                                        or another facility 
                                        that is closed as a 
                                        direct result of the 
                                        COVID-19 public health 
                                        emergency and such 
                                        school or facility care 
                                        is required for the 
                                        individual to work;
                                          (ee) the individual 
                                        is unable to reach the 
                                        place of employment 
                                        because of a quarantine 
                                        imposed as a direct 
                                        result of the COVID-19 
                                        public health 
                                        emergency;
                                          (ff) the individual 
                                        is unable to reach the 
                                        place of employment 
                                        because the individual 
                                        has been advised by a 
                                        health care provider to 
                                        self-quarantine due to 
                                        concerns related to 
                                        COVID-19;
                                          (gg) the individual 
                                        was scheduled to 
                                        commence employment and 
                                        does not have a job or 
                                        is unable to reach the 
                                        job as a direct result 
                                        of the COVID-19 public 
                                        health emergency;
                                          (hh) the individual 
                                        has become the 
                                        breadwinner or major 
                                        support for a household 
                                        because the head of the 
                                        household has died as a 
                                        direct result of COVID-
                                        19;
                                          (ii) the individual 
                                        has to quit his or her 
                                        job as a direct result 
                                        of COVID-19;
                                          (jj) the individual's 
                                        place of employment is 
                                        closed as a direct 
                                        result of the COVID-19 
                                        public health 
                                        emergency; or
                                          (kk) the individual 
                                        meets any additional 
                                        criteria established by 
                                        the Secretary for 
                                        unemployment assistance 
                                        under this section; or
                                  (II) is self-employed, is 
                                seeking part-time employment, 
                                does not have sufficient work 
                                history, or otherwise would not 
                                qualify for regular 
                                unemployment or extended 
                                benefits under State or Federal 
                                law or pandemic emergency 
                                unemployment compensation under 
                                section 2107 and meets the 
                                requirements of subclause (I); 
                                and
                          (iii) provides documentation to 
                        substantiate employment or self-
                        employment or the planned commencement 
                        of employment or self-employment not 
                        later than 21 days after the later of 
                        the date on which the individual 
                        submits an application for pandemic 
                        unemployment assistance under this 
                        section or the date on which an 
                        individual is directed by the State 
                        Agency to submit such documentation in 
                        accordance with section 625.6(e) of 
                        title 20, Code of Federal Regulations, 
                        or any successor thereto, except that 
                        such deadline may be extended if the 
                        individual has shown good cause under 
                        applicable State law for failing to 
                        submit such documentation; and
                  (B) does not include--
                          (i) an individual who has the ability 
                        to telework with pay; or
                          (ii) an individual who is receiving 
                        paid sick leave or other paid leave 
                        benefits, regardless of whether the 
                        individual meets a qualification 
                        described in items (aa) through (kk) of 
                        subparagraph (A)(i)(I).
          (4) Secretary.--The term ``Secretary'' means the 
        Secretary of Labor.
          (5) State.--The term ``State'' includes the District 
        of Columbia, the Commonwealth of Puerto Rico, the 
        Virgin Islands, Guam, American Samoa, the Commonwealth 
        of the Northern Mariana Islands, the Federated States 
        of Micronesia, the Republic of the Marshall Islands, 
        and the Republic of Palau.
  (b) Assistance for Unemployment as a Result of COVID-19.--
Subject to subsection (c), the Secretary shall provide to any 
covered individual unemployment benefit assistance while such 
individual is unemployed, partially unemployed, or unable to 
work for the weeks of such unemployment with respect to which 
the individual is not entitled to any other unemployment 
compensation (as that term is defined in section 85(b) of title 
26, United States Code) or waiting period credit.
  (c) Applicability.--
          (1) In general.--Except as provided in paragraph (2), 
        the assistance authorized under subsection (b) shall be 
        available to a covered individual--
                  (A) for weeks of unemployment, partial 
                unemployment, or inability to work caused by 
                COVID-19--
                          (i) beginning on or after January 27, 
                        2020; and
                          (ii) ending on or before September 6, 
                        2021; and
                  (B) subject to subparagraph (A)(ii), as long 
                as the covered individual's unemployment, 
                partial unemployment, or inability to work 
                caused by COVID-19 continues.
          (2) Limitation on duration of assistance.--The total 
        number of weeks for which a covered individual may 
        receive assistance under this section shall not exceed 
        79 weeks and such total shall include any week for 
        which the covered individual received regular 
        compensation or extended benefits under any Federal or 
        State law, except that if after the date of enactment 
        of this Act, the duration of extended benefits is 
        extended, the 79-week period described in this 
        paragraph shall be extended by the number of weeks that 
        is equal to the number of weeks by which the extended 
        benefits were extended.
          (3) Assistance for unemployment before date of 
        enactment.--The Secretary shall establish a process for 
        making assistance under this section available for 
        weeks beginning on or after January 27, 2020, and 
        before the date of enactment of this Act.
          (5) Appeals by an individual.--
                  (A) In general.--An individual may appeal any 
                determination or redetermination regarding the 
                rights to pandemic unemployment assistance 
                under this section made by the State agency of 
                any of the States.
                  (B) Procedure.--All levels of appeal filed 
                under this paragraph in the 50 states, the 
                District of Columbia, the Commonwealth of 
                Puerto Rico, and the Virgin Islands--
                          (i) shall be carried out by the 
                        applicable State that made the 
                        determination or redetermination; and
                          (ii) shall be conducted in the same 
                        manner and to the same extent as the 
                        applicable State would conduct appeals 
                        of determinations or redeterminations 
                        regarding rights to regular 
                        compensation under State law.
                  (C) Procedure for certain territories.--With 
                respect to any appeal filed in Guam, American 
                Samoa, the Commonwealth of the Northern Mariana 
                Islands, the Federated States of Micronesia, 
                Republic of the Marshall Islands, and the 
                Republic of Palau--
                          (i) lower level appeals shall be 
                        carried out by the applicable entity 
                        within the State;
                          (ii) if a higher level appeal is 
                        allowed by the State, the higher level 
                        appeal shall be carried out by the 
                        applicability entity within the State; 
                        and
                          (iii) appeals described in clauses 
                        (i) and (ii) shall be conducted in the 
                        same manner and to the same extent as 
                        appeals of regular unemployment 
                        compensation are conducted under the 
                        unemployment compensation law of 
                        Hawaii.
          (6) Continued eligibility for assistance.--As a 
        condition of continued eligibility for assistance under 
        this section, a covered individual shall submit a 
        recertification to the State for each week after the 
        individual's 1st week of eligibility that certifies 
        that the individual remains an individual described in 
        subsection (a)(3)(A)(ii) for such week.
  (d) Amount of Assistance.--
          (1) In general.--The assistance authorized under 
        subsection (b) for a week of unemployment, partial 
        unemployment, or inability to work shall be--
                  (A)(i) the weekly benefit amount authorized 
                under the unemployment compensation law of the 
                State where the covered individual was 
                employed, except that the amount may not be 
                less than the minimum weekly benefit amount 
                described in section 625.6 of title 20, Code of 
                Federal Regulations, or any successor thereto; 
                and
                  (ii) the amount of Federal Pandemic 
                Unemployment Compensation under section 2104; 
                and
                  (B) in the case of an increase of the weekly 
                benefit amount after the date of enactment of 
                this Act, increased in an amount equal to such 
                increase.
          (2) Calculations of amounts for certain covered 
        individuals.--In the case of a covered individual who 
        is self-employed, who lives in a territory described in 
        subsection (c) or (d) of section 625.6 of title 20, 
        Code of Federal Regulations, or who would not otherwise 
        qualify for unemployment compensation under State law, 
        the assistance authorized under subsection (b) for a 
        week of unemployment shall be calculated in accordance 
        with section 625.6 of title 20, Code of Federal 
        Regulations, or any successor thereto, and shall be 
        increased by the amount of Federal Pandemic 
        Unemployment Compensation under section 2104.
          (3) Allowable methods of payment.--Any assistance 
        provided for in accordance with paragraph (1)(A)(ii) 
        shall be payable either--
                  (A) as an amount which is paid at the same 
                time and in the same manner as the assistance 
                provided for in paragraph (1)(A)(i) is payable 
                for the week involved; or
                  (B) at the option of the State, by payments 
                which are made separately from, but on the same 
                weekly basis as, any assistance provided for in 
                paragraph (1)(A)(i).
          (4) Waiver authority.--In the case of individuals who 
        have received amounts of pandemic unemployment 
        assistance to which they were not entitled, the State 
        shall require such individuals to repay the amounts of 
        such pandemic unemployment assistance to the State 
        agency, except that the State agency may waive such 
        repayment if it determines that--
                  (A) the payment of such pandemic unemployment 
                assistance was without fault on the part of any 
                such individual; and
                  (B) such repayment would be contrary to 
                equity and good conscience.
  (e) Waiver of State Requirement.--Notwithstanding State law, 
for purposes of assistance authorized under this section, 
compensation under this Act shall be made to an individual 
otherwise eligible for such compensation without any waiting 
period.
  (f) Agreements With States.--
          (1) In general.--The Secretary shall provide the 
        assistance authorized under subsection (b) through 
        agreements with States which, in the judgment of the 
        Secretary, have an adequate system for administering 
        such assistance through existing State agencies, 
        including procedures for identity verification or 
        validation and for timely payment, to the extent 
        reasonable and practicable.
          (2) Payments to states.--There shall be paid to each 
        State which has entered into an agreement under this 
        subsection an amount equal to 100 percent of--
                  (A) the total amount of assistance provided 
                by the State pursuant to such agreement; and
                  (B) any additional administrative expenses 
                incurred by the State by reason of such 
                agreement (as determined by the Secretary), 
                including any administrative expenses necessary 
                to facilitate processing of applications for 
                assistance under this section online or by 
                telephone rather than in-person and expenses 
                related to identity verification or validation 
                and timely and accurate payment.
          (3) Terms of payments.--Sums payable to any State by 
        reason of such State's having an agreement under this 
        subsection shall be payable, either in advance or by 
        way of reimbursement (as determined by the Secretary), 
        in such amounts as the Secretary estimates the State 
        will be entitled to receive under this subsection for 
        each calendar month, reduced or increased, as the case 
        may be, by any amount by which the Secretary finds that 
        his estimates for any prior calendar month were greater 
        or less than the amounts which should have been paid to 
        the State. Such estimates may be made on the basis of 
        such statistical, sampling, or other method as may be 
        agreed upon by the Secretary and the State agency of 
        the State involved.
  (g) Funding.--
          (1) Assistance.--
                  (A) In general.--Funds in the extended 
                unemployment compensation account (as 
                established by section 905(a) of the Social 
                Security Act (42 U.S.C. 1105(a)) of the 
                Unemployment Trust Fund (as established by 
                section 904(a) of such Act (42 U.S.C. 1104(a)) 
                shall be used to make payments to States 
                pursuant to subsection (f)(2)(A).
                  (B) Transfer of funds.--Notwithstanding any 
                other provision of law, the Secretary of the 
                Treasury shall transfer from the general fund 
                of the Treasury (from funds not otherwise 
                appropriated) to the extended unemployment 
                compensation account such sums as the Secretary 
                of Labor estimates to be necessary to make 
                payments described in subparagraph (A). There 
                are appropriated from the general fund of the 
                Treasury, without fiscal year limitation, the 
                sums referred to in the preceding sentence and 
                such sums shall not be required to be repaid.
          (2) Administrative expenses.--
                  (A) In general.--Funds in the employment 
                security administration account (as established 
                by section 901(a) of the Social Security Act 
                (42 U.S.C. 1105(a)) of the Unemployment Trust 
                Fund (as established by section 904(a) of such 
                Act (42 U.S.C. 1104(a)) shall be used to make 
                payments to States pursuant to subsection 
                (f)(2)(B).
                  (B) Transfer of funds.--Notwithstanding any 
                other provision of law, the Secretary of the 
                Treasury shall transfer from the general fund 
                of the Treasury (from funds not otherwise 
                appropriated) to the employment security 
                administration account such sums as the 
                Secretary of Labor estimates to be necessary to 
                make payments described in subparagraph (A). 
                There are appropriated from the general fund of 
                the Treasury, without fiscal year limitation, 
                the sums referred to in the preceding sentence 
                and such sums shall not be required to be 
                repaid.
          (3) Certifications.--The Secretary of Labor shall 
        from time to time certify to the Secretary of the 
        Treasury for payment to each State the sums payable to 
        such State under paragraphs (1) and (2).
  (h) Statute of Limitations.--
          (1) In general.--Notwithstanding any other provision 
        of law and subject to paragraph (2), any criminal 
        prosecution or civil enforcement action for a violation 
        of, or conspiracy to violate, section 371, 641, 1028A, 
        1029, 1341, 1343, 1344, 1349, 1956, or 1957 of title 
        18, United States Code, or section 3729 or 3802 of 
        title 31, United States Code, with respect to any 
        unemployment compensation claim funded in whole or in 
        part by pandemic unemployment assistance under this 
        section shall be brought not later than 10 years after 
        the date of the violation or conspiracy.
          (2) Exception.--Paragraph (1) shall not apply with 
        respect to a criminal prosecution or civil enforcement 
        action if the statute of limitations applicable to such 
        criminal prosecution or civil enforcement action 
        expired prior to the date of enactment of the Recover 
        COVID Unemployment Fraud in Banks Act.
  [(h)] (i) Relationship Between Pandemic Unemployment 
Assistance and Disaster Unemployment Assistance.--Except as 
otherwise provided in this section or to the extent there is a 
conflict between this section and part 625 of title 20, Code of 
Federal Regulations, such part 625 shall apply to this section 
as if--
          (1) the term ``COVID-19 public health emergency'' 
        were substituted for the term ``major disaster'' each 
        place it appears in such part 625; and
          (2) the term ``pandemic'' were substituted for the 
        term ``disaster'' each place it appears in such part 
        625.

           *       *       *       *       *       *       *


SEC. 2104. EMERGENCY INCREASE IN UNEMPLOYMENT COMPENSATION BENEFITS.

  (a) Federal-State Agreements.--Any State which desires to do 
so may enter into and participate in an agreement under this 
section with the Secretary of Labor (in this section referred 
to as the ``Secretary''). Any State which is a party to an 
agreement under this section may, upon providing 30 days' 
written notice to the Secretary, terminate such agreement.
  (b) Provisions of Agreement.--
          (1) Federal pandemic unemployment compensation.--Any 
        agreement under this section shall provide that the 
        State agency of the State will make payments of regular 
        compensation to individuals in amounts and to the 
        extent that they would be determined if the State law 
        of the State were applied, with respect to any week for 
        which the individual is (disregarding this section) 
        otherwise entitled under the State law to receive 
        regular compensation, as if such State law had been 
        modified in a manner such that the amount of regular 
        compensation (including dependents' allowances) payable 
        for any week shall be equal to--
                  (A) the amount determined under the State law 
                (before the application of this paragraph), 
                plus
                  (B) an additional amount equal to the amount 
                specified in paragraph (3) (in this section 
                referred to as ``Federal Pandemic Unemployment 
                Compensation''), plus
                  (C) an additional amount of $100 (in this 
                section referred to as ``Mixed Earner 
                Unemployment Compensation'') in any case in 
                which the individual received at least $5,000 
                of self-employment income (as defined in 
                section 1402(b) of the Internal Revenue Code of 
                1986) in the most recent taxable year ending 
                prior to the individual's application for 
                regular compensation.
          (2) Allowable methods of payment.--Any Federal 
        Pandemic Unemployment Compensation or Mixed Earner 
        Unemployment Compensation provided for in accordance 
        with paragraph (1) shall be payable either--
                  (A) as an amount which is paid at the same 
                time and in the same manner as any regular 
                compensation otherwise payable for the week 
                involved; or
                  (B) at the option of the State, by payments 
                which are made separately from, but on the same 
                weekly basis as, any regular compensation 
                otherwise payable.
          (3) Amount of federal pandemic unemployment 
        compensation.--
                  (A) In general.--The amount specified in this 
                paragraph is the following amount:
                          (i) For weeks of unemployment 
                        beginning after the date on which an 
                        agreement is entered into under this 
                        section and ending on or before July 
                        31, 2020, $600.
                          (ii) For weeks of unemployment 
                        beginning after December 26, 2020 (or, 
                        if later, the date on which such 
                        agreement is entered into), and ending 
                        on or before September 6, 2021, $300.
          (4) Certain documentation required.--An agreement 
        under this section shall include a requirement, similar 
        to the requirement under section 2102(a)(3)(A)(iii), 
        for the substantiation of self-employment income with 
        respect to each applicant for Mixed Earner Unemployment 
        Compensation under paragraph (1)(C).
  (c) Nonreduction Rule.--
          (1) In general.--An agreement under this section 
        shall not apply (or shall cease to apply) with respect 
        to a State upon a determination by the Secretary that 
        the method governing the computation of regular 
        compensation under the State law of that State has been 
        modified in a manner such that the number of weeks (the 
        maximum benefit entitlement), or the average weekly 
        benefit amount, of regular compensation which will be 
        payable during the period of the agreement (determined 
        disregarding any Federal Pandemic Unemployment 
        Compensation or Mixed Earner Unemployment Compensation) 
        will be less than the number of weeks, or the average 
        weekly benefit amount, of the average weekly benefit 
        amount of regular compensation which would otherwise 
        have been payable during such period under the State 
        law, as in effect on January 1, 2020.
          (2) Maximum benefit entitlement.--In paragraph (1), 
        the term ``maximum benefit entitlement'' means the 
        amount of regular unemployment compensation payable to 
        an individual with respect to the individual's benefit 
        year.
  (d) Payments to States.--
          (1) In general.--
                  (A) Full reimbursement.--There shall be paid 
                to each State which has entered into an 
                agreement under this section an amount equal to 
                100 percent of--
                          (i) the total amount of Federal 
                        Pandemic Unemployment Compensation and 
                        Mixed Earner Unemployment Compensation 
                        paid to individuals by the State 
                        pursuant to such agreement; and
                          (ii) any additional administrative 
                        expenses incurred by the State by 
                        reason of such agreement (as determined 
                        by the Secretary).
                  (B) Terms of payments.--Sums payable to any 
                State by reason of such State's having an 
                agreement under this section shall be payable, 
                either in advance or by way of reimbursement 
                (as determined by the Secretary), in such 
                amounts as the Secretary estimates the State 
                will be entitled to receive under this section 
                for each calendar month, reduced or increased, 
                as the case may be, by any amount by which the 
                Secretary finds that his estimates for any 
                prior calendar month were greater or less than 
                the amounts which should have been paid to the 
                State. Such estimates may be made on the basis 
                of such statistical, sampling, or other method 
                as may be agreed upon by the Secretary and the 
                State agency of the State involved.
          (2) Certifications.--The Secretary shall from time to 
        time certify to the Secretary of the Treasury for 
        payment to each State the sums payable to such State 
        under this section.
          (3) Appropriation.--There are appropriated from the 
        general fund of the Treasury, without fiscal year 
        limitation, such sums as may be necessary for purposes 
        of this subsection.
  (e) Applicability.--An agreement entered into under this 
section shall apply--
          (1) to weeks of unemployment beginning after the date 
        on which such agreement is entered into and ending on 
        or before July 31, 2020; and
          (2) to weeks of unemployment beginning after December 
        26, 2020 (or, if later, the date on which such 
        agreement is entered into), and ending on or before 
        September 6, 2021.
  (f) Fraud and Overpayments.--
          (1) In general.--If an individual knowingly has made, 
        or caused to be made by another, a false statement or 
        representation of a material fact, or knowingly has 
        failed, or caused another to fail, to disclose a 
        material fact, and as a result of such false statement 
        or representation or of such nondisclosure such 
        individual has received an amount of Federal Pandemic 
        Unemployment Compensation or Mixed Earner Unemployment 
        Compensation to which such individual was not entitled, 
        such individual--
                  (A) shall be ineligible for further Federal 
                Pandemic Unemployment Compensation or Mixed 
                Earner Unemployment Compensation in accordance 
                with the provisions of the applicable State 
                unemployment compensation law relating to fraud 
                in connection with a claim for unemployment 
                compensation; and
                  (B) shall be subject to prosecution under 
                section 1001 of title 18, United States Code.
          (2) Repayment.--In the case of individuals who have 
        received amounts of Federal Pandemic Unemployment 
        Compensation or Mixed Earner Unemployment Compensation 
        to which they were not entitled, the State shall 
        require such individuals to repay the amounts of such 
        Federal Pandemic Unemployment Compensation or Mixed 
        Earner Unemployment Compensation to the State agency, 
        except that the State agency may waive such repayment 
        if it determines that--
                  (A) the payment of such Federal Pandemic 
                Unemployment Compensation or Mixed Earner 
                Unemployment Compensation was without fault on 
                the part of any such individual; and
                  (B) such repayment would be contrary to 
                equity and good conscience.
          (3) Recovery by state agency.--
                  (A) In general.--The State agency shall 
                recover the amount to be repaid, or any part 
                thereof, by deductions from any Federal 
                Pandemic Unemployment Compensation or Mixed 
                Earner Unemployment Compensation payable to 
                such individual or from any unemployment 
                compensation payable to such individual under 
                any State or Federal unemployment compensation 
                law administered by the State agency or under 
                any other State or Federal law administered by 
                the State agency which provides for the payment 
                of any assistance or allowance with respect to 
                any week of unemployment, during the 3-year 
                period after the date such individuals received 
                the payment of the Federal Pandemic 
                Unemployment Compensation or Mixed Earner 
                Unemployment Compensation to which they were 
                not entitled, in accordance with the same 
                procedures as apply to the recovery of 
                overpayments of regular unemployment benefits 
                paid by the State.
                  (B) Opportunity for hearing.--No repayment 
                shall be required, and no deduction shall be 
                made, until a determination has been made, 
                notice thereof and an opportunity for a fair 
                hearing has been given to the individual, and 
                the determination has become final.
          (4) Review.--Any determination by a State agency 
        under this section shall be subject to review in the 
        same manner and to the same extent as determinations 
        under the State unemployment compensation law, and only 
        in that manner and to that extent.
          (5) Statute of limitations.--
                  (A) In general.--Notwithstanding any other 
                provision of law and subject to subparagraph 
                (B), any criminal prosecution or civil 
                enforcement action for a violation of, or 
                conspiracy to violate, section 371, 641, 1028A, 
                1029, 1341, 1343, 1344, 1349, 1956, or 1957 of 
                title 18, United States Code, or section 3729 
                or 3802 of title 31, United States Code, with 
                respect to any unemployment compensation claim 
                funded in whole or in part by Federal Pandemic 
                Unemployment Compensation or Mixed Earner 
                Unemployment Compensation under this section 
                shall be brought not later than 10 years after 
                the date of the violation or conspiracy.
                  (B) Exception.--Subparagraph (A) shall not 
                apply with respect to a criminal prosecution or 
                civil enforcement action if the statute of 
                limitations applicable to such criminal 
                prosecution or civil enforcement action expired 
                prior to the date of enactment of the Recover 
                COVID Unemployment Fraud in Banks Act.
  (g) Application to Other Unemployment Benefits.--Each 
agreement under this section shall include provisions to 
provide that--
          (1) the purposes of the preceding provisions of this 
        section, as such provisions apply with respect to 
        Federal Pandemic Unemployment Compensation, shall be 
        applied with respect to unemployment benefits described 
        in subsection (i)(2) to the same extent and in the same 
        manner as if those benefits were regular compensation; 
        and
          (2) the purposes of the preceding provisions of this 
        section, as such provisions apply with respect to Mixed 
        Earner Unemployment Compensation, shall be applied with 
        respect to unemployment benefits described in 
        subparagraph (A), (B), (D), or (E) of subsection (i)(2) 
        to the same extent and in the same manner as if those 
        benefits were regular compensation.
  (h) Disregard of Additional Compensation for Purposes of 
Medicaid and CHIP.--The monthly equivalent of any Federal 
pandemic unemployment compensation paid to an individual under 
this section shall be disregarded when determining income for 
any purpose under the programs established under titles XIX and 
title XXI of the Social Security Act (42 U.S.C. 1396 et seq., 
1397aa et seq.).
  (i) Definitions.--For purposes of this section--
          (1) the terms ``compensation'', ``regular 
        compensation'', ``benefit year'', ``State'', ``State 
        agency'', ``State law'', and ``week'' have the 
        respective meanings given such terms under section 205 
        of the Federal-State Extended Unemployment Compensation 
        Act of 1970 (26 U.S.C. 3304 note); and
          (2) any reference to unemployment benefits described 
        in this paragraph shall be considered to refer to--
                  (A) extended compensation (as defined by 
                section 205 of the Federal-State Extended 
                Unemployment Compensation Act of 1970);
                  (B) regular compensation (as defined by 
                section 85(b) of the Internal Revenue Code of 
                1986) provided under any program administered 
                by a State under an agreement with the 
                Secretary;
                  (C) pandemic unemployment assistance under 
                section 2102;
                  (D) pandemic emergency unemployment 
                compensation under section 2107; and
                  (E) short-time compensation under a short-
                time compensation program (as defined in 
                section 3306(v) of the Internal Revenue Code of 
                1986).

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SEC. 2107. PANDEMIC EMERGENCY UNEMPLOYMENT COMPENSATION.

  (a) Federal-State Agreements.--
          (1) In general.--Any State which desires to do so may 
        enter into and participate in an agreement under this 
        section with the Secretary of Labor (in this section 
        referred to as the ``Secretary''). Any State which is a 
        party to an agreement under this section may, upon 
        providing 30 days' written notice to the Secretary, 
        terminate such agreement.
          (2) Provisions of agreement.--Any agreement under 
        paragraph (1) shall provide that the State agency of 
        the State will make payments of pandemic emergency 
        unemployment compensation to individuals who--
                  (A) have exhausted all rights to regular 
                compensation under the State law or under 
                Federal law with respect to a benefit year 
                (excluding any benefit year that ended before 
                July1, 2019);
                  (B) have no rights to regular compensation 
                with respect to a week under such law or any 
                other State unemployment compensation law or to 
                compensation under any other Federal law;
                  (C) are not receiving compensation with 
                respect to such week under the unemployment 
                compensation law of Canada; and
                  (D) are able to work, available to work, and 
                actively seeking work.
          (3) Exhaustion of benefits.--For purposes of 
        paragraph (2)(A), an individual shall be deemed to have 
        exhausted such individual's rights to regular 
        compensation under a State law when--
                  (A) no payments of regular compensation can 
                be made under such law because such individual 
                has received all regular compensation available 
                to such individual based on employment or wages 
                during such individual's base period; or
                  (B) such individual's rights to such 
                compensation have been terminated by reason of 
                the expiration of the benefit year with respect 
                to which such rights existed.
          (4) Weekly benefit amount, etc.--For purposes of any 
        agreement under this section--
                  (A) the amount of pandemic emergency 
                unemployment compensation which shall be 
                payable to any individual for any week of total 
                unemployment shall be equal to--
                          (i) the amount of the regular 
                        compensation (including dependents' 
                        allowances) payable to such individual 
                        during such individual's benefit year 
                        under the State law for a week of total 
                        unemployment;
                          (ii) the amount of Federal Pandemic 
                        Unemployment Compensation under section 
                        2104(b)(1)(B); and
                          (iii) the amount (if any) of Mixed 
                        Earner Unemployment Compensation under 
                        section 2104(b)(1)(C);
                  (B) the terms and conditions of the State law 
                which apply to claims for regular compensation 
                and to the payment thereof (including terms and 
                conditions relating to availability for work, 
                active search for work, and refusal to accept 
                work) shall apply to claims for pandemic 
                emergency unemployment compensation and the 
                payment thereof, except where otherwise 
                inconsistent with the provisions of this 
                section or with the regulations or operating 
                instructions of the Secretary promulgated to 
                carry out this section;
                  (C) the maximum amount of pandemic emergency 
                unemployment compensation payable to any 
                individual for whom an pandemic emergency 
                unemployment compensation account is 
                established under subsection (b) shall not 
                exceed the amount established in such account 
                for such individual; and
                  (D) the allowable methods of payment under 
                section 2104(b)(2) shall apply to payments of 
                amounts described in subparagraph (A)(ii).
          (5) Coordination rules.--
                  (A) In general.--Subject to subparagraph (B), 
                an agreement under this section shall apply 
                with respect to a State only upon a 
                determination by the Secretary that, under the 
                State law or other applicable rules of such 
                State, the payment of extended compensation for 
                which an individual is otherwise eligible must 
                be deferred until after the payment of any 
                pandemic emergency unemployment compensation 
                under subsection (b) for which the individual 
                is concurrently eligible.
                  (B) Special rule.--In the case of an 
                individual who is receiving extended 
                compensation under the State law for the week 
                that includes the date of enactment of this 
                subparagraph (without regard to the amendments 
                made by subsections (a) and (b) of section 206 
                of the Continued Assistance for Unemployed 
                Workers Act of 2020) or for the week that 
                includes the date of enactmentof the American 
                Rescue Plan Act of 2021 (without regard to 
                theamendments made by subsections (a) and (b) 
                of section 9016 ofsuch Act), such individual 
                shall not be eligible to receive pandemic 
                emergency unemployment compensation by reason 
                of such amendments until such individual has 
                exhausted all rights to such extended benefits.
          (6) Nonreduction rule.--
                  (A) In general.--An agreement under this 
                section shall not apply (or shall cease to 
                apply) with respect to a State upon a 
                determination by the Secretary that the method 
                governing the computation of regular 
                compensation under the State law of that State 
                has been modified in a manner such that the 
                number of weeks (the maximum benefit 
                entitlement), or the average weekly benefit 
                amount, of regular compensation which will be 
                payable during the period of the agreement will 
                be less than the number of weeks, or the 
                average weekly benefit amount, of the average 
                weekly benefit amount of regular compensation 
                which would otherwise have been payable during 
                such period under the State law, as in effect 
                on January 1, 2020.
                  (B) Maximum benefit entitlement.--In 
                subparagraph (A), the term ``maximum benefit 
                entitlement'' means the amount of regular 
                unemployment compensation payable to an 
                individual with respect to the individual's 
                benefit year.
          (7) Actively seeking work.--
                  (A) In general.--Subject to subparagraph (C), 
                for purposes of paragraph (2)(D), the term 
                ``actively seeking work'' means, with respect 
                to any individual, that such individual--
                          (i) is registered for employment 
                        services in such a manner and to such 
                        extent as prescribed by the State 
                        agency;
                          (ii) has engaged in an active search 
                        for employment that is appropriate in 
                        light of the employment available in 
                        the labor market, the individual's 
                        skills and capabilities, and includes a 
                        number of employer contacts that is 
                        consistent with the standards 
                        communicated to the individual by the 
                        State;
                          (iii) has maintained a record of such 
                        work search, including employers 
                        contacted, method of contact, and date 
                        contacted; and
                          (iv) when requested, has provided 
                        such work search record to the State 
                        agency.
                  (B) Flexibility.--Notwithstanding the 
                requirements under subparagraph (A) and 
                paragraph (2)(D), a State shall provide 
                flexibility in meeting such requirements in 
                case of individuals unable to search for work 
                because of COVID-19, including because of 
                illness, quarantine, or movement restriction.
          (8) Special rule for extended compensation.--At the 
        option of a State, for any weeks of unemployment 
        beginning after the date of the enactment of this 
        paragraph and before September 6, 2021, an individual's 
        eligibility period (as described in section 203(c) of 
        the Federal-State Extended Unemployment Compensation 
        Act of 1970 (26 U.S.C. 3304 note)) shall, for purposes 
        of any determination of eligibility for extended 
        compensation under the State law of such State, be 
        considered to include any week which begins--
                  (A) after the date as of which such 
                individual exhausts all rights to pandemic 
                emergency unemployment compensation; and
                  (B) during an extended benefit period that 
                began on or before the date described in 
                subparagraph (A).
  (b) Pandemic Emergency Unemployment Compensation Account.--
          (1) In general.--Any agreement under this section 
        shall provide that the State will establish, for each 
        eligible individual who files an application for 
        pandemic emergency unemployment compensation, an 
        pandemic emergency unemployment compensation account 
        with respect to such individual's benefit year.
          (2) Amount in account.--The amount established in an 
        account under subsection (a) shall be equal to 53 times 
        the individual's average weekly benefit amount, which 
        includes the amount of Federal Pandemic Unemployment 
        Compensation under section 2104, for the benefit year.
          (3) Weekly benefit amount.--For purposes of this 
        subsection, an individual's weekly benefit amount for 
        any week is the amount of regular compensation 
        (including dependents' allowances) under the State law 
        payable to such individual for such week for total 
        unemployment plus the amount of Federal Pandemic 
        Unemployment Compensation under section 2104.
          (4) Coordination of pandemic emergency unemployment 
        compensation with regular compensation.--
                  (A) In general.--If--
                          (i) an individual has been determined 
                        to be entitled to pandemic emergency 
                        unemployment compensation with respect 
                        to a benefit year;
                          (ii) that benefit year has expired;
                          (iii) that individual has remaining 
                        entitlement to pandemic emergency 
                        unemployment compensation with respect 
                        to that benefit year; and
                          (iv) that individual would qualify 
                        for a new benefit year in which the 
                        weekly benefit amount of regular 
                        compensation is at least $25 less than 
                        the individual's weekly benefit amount 
                        in the benefit year referred to in 
                        clause (i),
                then the State shall determine eligibility for 
                compensation as provided in subparagraph (B).
                  (B) Determination of eligibility.--For 
                individuals described in subparagraph (A), the 
                State shall determine whether the individual is 
                to be paid pandemic emergency unemployment 
                compensation or regular compensation for a week 
                of unemployment using one of the following 
                methods:
                          (i) The State shall, if permitted by 
                        State law, establish a new benefit 
                        year, but defer the payment of regular 
                        compensation with respect to that new 
                        benefit year until exhaustion of all 
                        pandemic emergency unemployment 
                        compensation payable with respect to 
                        the benefit year referred to in 
                        subparagraph (A)(i).
                          (ii) The State shall, if permitted by 
                        State law, defer the establishment of a 
                        new benefit year (which uses all the 
                        wages and employment which would have 
                        been used to establish a benefit year 
                        but for the application of this 
                        subparagraph), until exhaustion of all 
                        pandemic emergency unemployment 
                        compensation payable with respect to 
                        the benefit year referred to in 
                        subparagraph (A)(i).
                          (iii) The State shall pay, if 
                        permitted by State law--
                                  (I) regular compensation 
                                equal to the weekly benefit 
                                amount established under the 
                                new benefit year; and
                                  (II) pandemic emergency 
                                unemployment compensation equal 
                                to the difference between that 
                                weekly benefit amount and the 
                                weekly benefit amount for the 
                                expired benefit year.
                          (iv) The State shall determine rights 
                        to pandemic emergency unemployment 
                        compensation without regard to any 
                        rights to regular compensation if the 
                        individual elects to not file a claim 
                        for regular compensation under the new 
                        benefit year.
  (c) Payments to States Having Agreements for the Payment of 
Pandemic Emergency Unemployment Compensation.--
          (1) In general.--There shall be paid to each State 
        that has entered into an agreement under this section 
        an amount equal to 100 percent of the pandemic 
        emergency unemployment compensation paid to individuals 
        by the State pursuant to such agreement.
          (2) Treatment of reimbursable compensation.--No 
        payment shall be made to any State under this section 
        in respect of any compensation to the extent the State 
        is entitled to reimbursement in respect of such 
        compensation under the provisions of any Federal law 
        other than this section or chapter 85 of title 5, 
        United States Code. A State shall not be entitled to 
        any reimbursement under such chapter 85 in respect of 
        any compensation to the extent the State is entitled to 
        reimbursement under this section in respect of such 
        compensation.
          (3) Determination of amount.--Sums payable to any 
        State by reason of such State having an agreement under 
        this section shall be payable, either in advance or by 
        way of reimbursement (as may be determined by the 
        Secretary), in such amounts as the Secretary estimates 
        the State will be entitled to receive under this 
        section for each calendar month, reduced or increased, 
        as the case may be, by any amount by which the 
        Secretary finds that the Secretary's estimates for any 
        prior calendar month were greater or less than the 
        amounts which should have been paid to the State. Such 
        estimates may be made on the basis of such statistical, 
        sampling, or other method as may be agreed upon by the 
        Secretary and the State agency of the State involved.
  (d) Financing Provisions.--
          (1) Compensation.--
                  (A) In general.--Funds in the extended 
                unemployment compensation account (as 
                established by section 905(a) of the Social 
                Security Act (42 U.S.C. 1105(a)) of the 
                Unemployment Trust Fund (as established by 
                section 904(a) of such Act (42 U.S.C. 1104(a)) 
                shall be used for the making of payments to 
                States having agreements entered into under 
                this section.
                  (B) Transfer of funds.--Notwithstanding any 
                other provision of law, the Secretary of the 
                Treasury shall transfer from the general fund 
                of the Treasury (from funds not otherwise 
                appropriated) to the extended unemployment 
                compensation account such sums as the Secretary 
                of Labor estimates to be necessary to make 
                payments described in subparagraph (A). There 
                are appropriated from the general fund of the 
                Treasury, without fiscal year limitation, the 
                sums referred to in the preceding sentence and 
                such sums shall not be required to be repaid.
          (2) Administration.--
                  (A) In general.--There are appropriated out 
                of the employment security administration 
                account (as established by section 901(a) of 
                the Social Security Act (42 U.S.C. 1101(a)) of 
                the Unemployment Trust Fund, without fiscal 
                year limitation, such funds as may be necessary 
                for purposes of assisting States (as provided 
                in title III of the Social Security Act (42 
                U.S.C. 501 et seq.)) in meeting the costs of 
                administration of agreements under this 
                section.
                  (B) Transfer of funds.--Notwithstanding any 
                other provision of law, the Secretary of the 
                Treasury shall transfer from the general fund 
                of the Treasury (from funds not otherwise 
                appropriated) to the employment security 
                administration account such sums as the 
                Secretary of Labor estimates to be necessary to 
                make payments described in subparagraph (A). 
                There are appropriated from the general fund of 
                the Treasury, without fiscal year limitation, 
                the sums referred to in the preceding sentence 
                and such sums shall not be required to be 
                repaid.
          (3) Certification.--The Secretary shall from time to 
        time certify to the Secretary of the Treasury for 
        payment to each State the sums payable to such State 
        under this subsection. The Secretary of the Treasury, 
        prior to audit or settlement by the Government 
        Accountability Office, shall make payments to the State 
        in accordance with such certification, by transfers 
        from the extended unemployment compensation account (as 
        so established) to the account of such State in the 
        Unemployment Trust Fund (as so established).
  (e) Fraud and Overpayments.--
          (1) In general.--If an individual knowingly has made, 
        or caused to be made by another, a false statement or 
        representation of a material fact, or knowingly has 
        failed, or caused another to fail, to disclose a 
        material fact, and as a result of such false statement 
        or representation or of such nondisclosure such 
        individual has received an amount of pandemic emergency 
        unemployment compensation under this section to which 
        such individual was not entitled, such individual--
                  (A) shall be ineligible for further pandemic 
                emergency unemployment compensation under this 
                section in accordance with the provisions of 
                the applicable State unemployment compensation 
                law relating to fraud in connection with a 
                claim for unemployment compensation; and
                  (B) shall be subject to prosecution under 
                section 1001 of title 18, United States Code.
          (2) Repayment.--In the case of individuals who have 
        received amounts of pandemic emergency unemployment 
        compensation under this section to which they were not 
        entitled, the State shall require such individuals to 
        repay the amounts of such pandemic emergency 
        unemployment compensation to the State agency, except 
        that the State agency may waive such repayment if it 
        determines that--
                  (A) the payment of such pandemic emergency 
                unemployment compensation was without fault on 
                the part of any such individual; and
                  (B) such repayment would be contrary to 
                equity and good conscience.
          (3) Recovery by state agency.--
                  (A) In general.--The State agency shall 
                recover the amount to be repaid, or any part 
                thereof, by deductions from any pandemic 
                emergency unemployment compensation payable to 
                such individual under this section or from any 
                unemployment compensation payable to such 
                individual under any State or Federal 
                unemployment compensation law administered by 
                the State agency or under any other State or 
                Federal law administered by the State agency 
                which provides for the payment of any 
                assistance or allowance with respect to any 
                week of unemployment, during the 3-year period 
                after the date such individuals received the 
                payment of the pandemic emergency unemployment 
                compensation to which they were not entitled, 
                in accordance with the same procedures as apply 
                to the recovery of overpayments of regular 
                unemployment benefits paid by the State.
                  (B) Opportunity for hearing.--No repayment 
                shall be required, and no deduction shall be 
                made, until a determination has been made, 
                notice thereof and an opportunity for a fair 
                hearing has been given to the individual, and 
                the determination has become final.
          (4) Review.--Any determination by a State agency 
        under this section shall be subject to review in the 
        same manner and to the same extent as determinations 
        under the State unemployment compensation law, and only 
        in that manner and to that extent.
          (5) Statute of limitations.--
                  (A) In general.--Notwithstanding any other 
                provision of law and subject to subparagraph 
                (B), any criminal prosecution or civil 
                enforcement action for a violation of, or 
                conspiracy to violate, section 371, 641, 1028A, 
                1029, 1341, 1343, 1344, 1349, 1956, or 1957 of 
                title 18, United States Code, or section 3729 
                or 3802 of title 31, United States Code, with 
                respect to any unemployment compensation claim 
                funded in whole or in part by Pandemic 
                Emergency Unemployment Compensation under this 
                section shall be brought not later than 10 
                years after the date of the violation or 
                conspiracy.
                  (B) Exception.--Subparagraph (A) shall not 
                apply with respect to a criminal prosecution or 
                civil enforcement action if the statute of 
                limitations applicable to such criminal 
                prosecution or civil enforcement action expired 
                prior to the date of enactment of the Recover 
                COVID Unemployment Fraud in Banks Act.
  (f) Definitions.--In this section, the terms 
``compensation'', ``regular compensation'', ``extended 
compensation'', ``benefit year'', ``base period'', ``State'', 
``State agency'', ``State law'', and ``week'' have the 
respective meanings given such terms under section 205 of the 
Federal-State Extended Unemployment Compensation Act of 1970 
(26 U.S.C. 3304 note).
  (g) Applicability.--An agreement entered into under this 
section shall apply to weeks of unemployment--
          (1) beginning after the date on which such agreement 
        is entered into; and
          (2) ending on or before September 6, 2021.

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