HR 826Jun 23, 2026Passed Chamber
What a yes vote endorsed
COVID Fraud Transparency Act of 2026
What this does
The Act requires the Inspector General of the Small Business Administration to submit a report on borrowers engaged in fraud with respect to certain COVID-19 loans. The first report is due within 60 days of enactment, and a new one every three months after that. Covered loans are Paycheck Protection Program loans and disaster loans made in response to COVID-19 under the Small Business Act. Each report must state the number and total dollar amount of covered loans made, the number of new and suspected fraud cases, the number of resolved cases, and the types of fraud involved. The reporting requirement ends two years after enactment.
Passed the House by voice vote
How we know · 6 sourced claims
- The Act requires the Inspector General of the Small Business Administration to submit a report on borrowers engaged in fraud with respect to certain COVID-19 loans.Source: Sec. 2(a)
- The first report is due within 60 days of enactment, and a new one every three months after that.Source: Sec. 2(a)
- Covered loans are Paycheck Protection Program loans and disaster loans made in response to COVID-19 under the Small Business Act.Source: Sec. 2(c)
- Each report must state the number and total dollar amount of covered loans made, the number of new and suspected fraud cases, the number of resolved cases, and the types of fraud involved.Source: Sec. 2(b)
- The reporting requirement ends two years after enactment.Source: Sec. 2(d)
- It sets up a recurring fraud report from the SBA Inspector General on COVID-19 loans and does not carry a second subject.Source: Sec. 1 to Sec. 3