RECLAIM Taxpayer Funds Act

Bill: 118-hr-4667
Sponsor: Rep. Salazar, Maria Elvira [R-FL-27]
Introduced: 2023-07-17 in the House
Policy area: Commerce
Subjects: Government lending and loan guarantees
Government studies and investigations
Small business

Summary:
action_date: 2023-07-17
text: 

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 returning any unused Paycheck Protection Program (PPP) loan amounts made to the borrower. The SBA must track the amounts of PPP loans returned to mitigate the risk of financial loss.
 
The guidance must be issued not later than 30 days after the bill is enacted.

action_date: 2023-09-01
text: 

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 returning any unused Paycheck Protection Program (PPP) loan amounts made to the borrower. The SBA must track the amounts of PPP loans returned to mitigate the risk of financial loss.
 
The guidance must be issued not later than 30 days after the bill is enacted.

action_date: 2023-11-30
text: 

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 returning any unused Paycheck Protection Program (PPP) loan amounts made to the borrower. The SBA must track the amounts of PPP loans returned to mitigate the risk of financial loss.
 
The guidance must be issued not later than 30 days after the bill is enacted.


Legislative actions:
action_date: 2023-12-04
text: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
action_date: 2023-11-30
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2023-11-30
text: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: 11/28/2023 CR H5911)
action_date: 2023-11-30
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: 11/28/2023 CR H5911)
action_date: 2023-11-30
text: Considered as unfinished business. (consideration: CR H6029)
action_date: 2023-11-28
text: At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Williams (TX) objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was considered as withdrawn.
action_date: 2023-11-28
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 4667.
action_date: 2023-11-28
text: Considered under suspension of the rules. (consideration: CR H5911-5913)
action_date: 2023-11-28
text: Mr. Williams (TX) moved to suspend the rules and pass the bill, as amended.
action_date: 2023-09-01
text: Placed on the Union Calendar, Calendar No. 147.
action_date: 2023-09-01
text: Reported by the Committee on Small Business. H. Rept. 118-184.
action_date: 2023-09-01
text: Reported by the Committee on Small Business. H. Rept. 118-184.
action_date: 2023-07-18
text: Ordered to be Reported by the Yeas and Nays: 26 - 0.
action_date: 2023-07-18
text: Committee Consideration and Mark-up Session Held
action_date: 2023-07-17
text: Referred to the House Committee on Small Business.
action_date: 2023-07-17
text: Introduced in House
action_date: 2023-07-17
text: Introduced in House