House Bill 4667 - RECLAIM Taxpayer Funds Act

Purpose and Summary

Chamber: House

Introduced date: 2023-07-17

Recent Activity

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Alternative Names

RECLAIM Taxpayer Funds Act

Returning Erroneous COVID Loans Addressing Illegal and Misappropriated Taxpayer Funds Act

RECLAIM Taxpayer Funds Act

RECLAIM Taxpayer Funds Act

Returning Erroneous COVID Loans Addressing Illegal and Misappropriated Taxpayer Funds Act

RECLAIM Taxpayer Funds Act

Returning Erroneous COVID Loans Addressing Illegal and Misappropriated Taxpayer Funds Act

To require the Administrator of the Small Business Administration to issue guidance and rules for lenders and the Small Business Administration on handling amounts of Paycheck Protection Loans returned by borrowers, and for other purposes.

Associated Legislation

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Policy Areas

Commerce

Potential Impact

Government lending and loan guarantees

Government studies and investigations

Small business

Sponsors and Supporters

Rep. Salazar, Maria Elvira [R-FL-27]

Cosponsors and Supporters

Rep. McGarvey, Morgan [D-KY-3]

Rep. LaLota, Nick [R-NY-1]

Committees and Subcommittees

Small Business and Entrepreneurship Committee

Small Business Committee

Variations and Revisions

RECLAIM Taxpayer Funds Act

12/15/2023, 4:00 PM

Returning Erroneous COVID Loans Addressing Illegal and Misappropriated Taxpayer Funds Act or the RECLAIM Taxpayer Funds Act

This bill requires the Small Business Administration (SBA) to issue guidance for borrowers and lenders about...

Congress
118
Number
HR - 4667
Introduced on
2023-07-17
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

12/4/2023
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
Passed in House
Introduced to Senate
Senate to Vote

Purpose and Summary

Returning Erroneous COVID Loans Addressing Illegal and Misappropriated Taxpayer Funds Act or the RECLAIM Taxpayer Funds Act

This bill requires the Small Business Administration (SBA) to issue guidance for borrowers and lenders about...

Alternative Names
Official Title as IntroducedTo require the Administrator of the Small Business Administration to issue guidance and rules for lenders and the Small Business Administration on handling amounts of Paycheck Protection Loans returned by borrowers, and for other purposes.
Policy Areas
Commerce
Potential Impact
Government lending and loan guarantees•
Government studies and investigations•
Small business

Comments

Recent Activity

Latest Summary12/6/2023

Returning Erroneous COVID Loans Addressing Illegal and Misappropriated Taxpayer Funds Act or the RECLAIM Taxpayer Funds Act

This bill requires the Small Business Administration (SBA) to issue guidance for borrowers and lenders about...

Latest Action12/4/2023
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.