Recover COVID Unemployment Fraud in Banks Act

What this does

The bill directs the Secretary of Labor to designate a National Recovery Coordinator and convene a federal task force focused on pandemic-era unemployment payments. The task force coordinates with states to identify Federal pandemic unemployment payments that sit on prepaid debit cards held by banks under state contracts or that have passed to state unclaimed property offices, and it develops model processes and guidance for recovering payments found to be improper. The Secretary of Labor must reimburse states for administrative costs they incur from coordinating with the task force. The bill also extends to 10 years the statute of limitations for criminal prosecution and civil enforcement of specified fraud offenses tied to three pandemic unemployment programs. That longer window does not revive any case whose limitations period had already expired before the bill became law.