Referred to the House Committee on Small Business.
Requires the Small Business Administration Inspector General to submit a report to Congressional small business committees within 60 days of enactment and quarterly thereafter for two years. Reports must cover covered COVID‑19 loans and include total loans and amounts, new and resolved fraud and suspected fraud cases, and types of those cases.
Progressives emphasize borrower privacy and anti‑discrimination safeguards.
Relative to its intended legislative type, this bill is a focused and well-specified reporting requirement that identifies the reporting entity, frequency, recipients, and required content, and integrates with existing statutory definitions.
Requires the Small Business Administration Inspector General to submit a report to Congressional small business committees within 60 days of enactment and quarterly thereafter for two years.
Reports must cover covered COVID‑19 loans and include total loans and amounts, new and resolved fraud and suspected fraud cases, and types of those cases.
Covered loans are loans made under specified paragraphs of section 7(a) and section 7(b) in response to COVID‑19 during the CARES Act covered period.
Low-cost, transparency-focused oversight with sunset is historically likely to pass, absent scheduling or procedural obstacles.
Relative to its intended legislative type, this bill is a focused and well-specified reporting requirement that identifies the reporting entity, frequency, recipients, and required content, and integrates with existing statutory definitions.
Progressives emphasize borrower privacy and anti‑discrimination safeguards.
These are examples from the analysis, not a ranked list of the most-affected groups.
Progressives emphasize borrower privacy and anti‑discrimination safeguards.
Generally supportive of increased transparency and accountability for pandemic-era loan programs, but cautious about unintended harms.
Would want protections for borrowers, clarity on definitions, and assurances that oversight does not lead to disproportionate enforcement against marginalized owners.
Supports stronger, regular oversight but notes practical constraints.
Sees value in data-driven reports while worrying about unfunded mandates and IG workload, and potential redundancy with existing audits.
Favorable toward increased transparency and exposing COVID‑era loan fraud.
Views the bill as a low-cost oversight measure that could support enforcement and deter misuse of funds.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Low-cost, transparency-focused oversight with sunset is historically likely to pass, absent scheduling or procedural obstacles.
The bill has not accumulated any surfaced votes yet.
Progressives emphasize borrower privacy and anti‑discrimination safeguards.
Low-cost, transparency-focused oversight with sunset is historically likely to pass, absent scheduling or procedural obstacles.
Relative to its intended legislative type, this bill is a focused and well-specified reporting requirement that identifies the reporting entity, frequency, recipients, and required content, and integrates with existing…
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