COVID Fraud Transparency Act of 2025

Hozzl · 2025-02-26T05:23:20Z

Explore the details of House Bill 826 COVID Fraud Transparency Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

2/26/2025, 5:23 AM

Summary of Bill HR 826

Bill 119 HR 826, also known as the "Small Business Administration Inspector General Fraud Reporting Act," aims to address concerns regarding fraud related to COVID-19 loans provided by the Small Business Administration (SBA). The bill requires the Inspector General of the SBA to submit a quarterly report specifically focused on fraud related to certain COVID-19 loans.

The purpose of this legislation is to increase transparency and accountability within the SBA by ensuring that instances of fraud are promptly identified and reported. By requiring the Inspector General to submit quarterly reports on fraud relating to COVID-19 loans, Congress hopes to prevent misuse of funds and protect small businesses that are in genuine need of financial assistance during the ongoing pandemic.

This bill does not propose any specific measures to combat fraud, but rather focuses on the reporting aspect of the issue. By mandating regular reporting on fraud related to COVID-19 loans, lawmakers aim to create a system of oversight that will help identify patterns of fraud and inform future policy decisions. Overall, Bill 119 HR 826 seeks to address concerns about fraud in the distribution of COVID-19 loans by increasing transparency and accountability within the SBA. It is a step towards ensuring that funds intended to support small businesses during the pandemic are used appropriately and effectively.

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Current Status of Bill HR 826

Bill HR 826 is currently in the status of Bill Introduced since January 28, 2025. Bill HR 826 was introduced during Congress 119 and was introduced to the House on January 28, 2025. Bill HR 826's most recent activity was Referred to the House Committee on Small Business. as of January 28, 2025

Bipartisan Support of Bill HR 826

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Policy Area and Potential Impact of Bill HR 826

Primary Policy Focus

Alternate Title(s) of Bill HR 826

To require the Inspector General of the Small Business Administration to submit a quarterly report on fraud relating to certain COVID-19 loans.To require the Inspector General of the Small Business Administration to submit a quarterly report on fraud relating to certain COVID-19 loans.

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