HB4666: To require the Inspector General of the Small Business Administration to submit a quarterly report on fraud relating to certain COVID-19 loans.
- Introduced (completed)
- 2Passed One Chamber (current step)
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To require the Inspector General of the Small Business Administration to submit a quarterly report on fraud relating to certain COVID-19 loans.
Plain-language summary
This bill requires the Small Business Administration's Inspector General—an official who investigates wrongdoing—to file reports every three months about fraud involving COVID-19 relief loans. The loans in question are likely Paycheck Protection Program loans and Economic Injury Disaster Loans given during the pandemic. These reports would track how much fraud occurred, how much money was lost, and what actions were taken to stop it. The bill is currently engrossed, meaning it has passed one and been prepared for the other chamber's review.
AI-generated summary
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HB4666: To require the Inspector General of the Small Business Administration to submit…
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Sponsors
Aaron Bean
Primary SponsorCo-sponsors (3)
Kweisi Mfume
Nick LaLota
Dean Phillips