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

Bill: 118-hr-4666
Sponsor: full_name: Rep. Bean, Aaron [R-FL-4]
Introduced: 2023-07-17
Policy area: Commerce
Subjects: Congressional oversight

Fraud offenses and financial crimes

Government information and archives

Government lending and loan guarantees

Government studies and investigations
Latest action: action_date: 2023-12-04
text: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Summaries:
action_date: 2023-07-17
action_desc: Introduced in House
text: <p>This bill requires the Small Business Administration's Office of Inspector General to report quarterly about fraud cases involving certain COVID-19 loans (e.g., Paycheck Protection Program loans).</p>

action_date: 2023-09-01
action_desc: Reported to House
text: <p>This bill requires the Small Business Administration's Office of Inspector General to report quarterly about fraud cases involving certain COVID-19 loans (e.g., Paycheck Protection Program loans).</p>

action_date: 2023-11-30
action_desc: Passed House
text: <p>This bill requires the Small Business Administration's Office of Inspector General to report quarterly about fraud cases involving certain COVID-19 loans (e.g., Paycheck Protection Program loans).</p>

tv_txt: IIB 118th CONGRESS 1st Session H. R. 4666 IN THE SENATE OF THE UNITED STATES December 4, 2023 Received; read twice and referred to the Committee on Small Business and Entrepreneurship AN ACT To require the Inspector General of the Small Business Administration to submit a quarterly report on fraud relating to certain COVID–19 loans.

1. Report on fraud relating to certain COVID–19 loans (a) In general Not later than 60 days after the date of the enactment of this Act, and every 3 months thereafter, the Inspector General of the Small Business Administration shall submit to the Committee on Small Business of the House of Representatives and the Committee on Small Business and Entrepreneurship of the Senate a report on the number of borrowers engaged in fraud with respect to a covered loan. (b) Elements The report required under subsection (a) shall include, with respect to the period covered by such report— (1) the number and total dollar amount of all covered loans made; (2) the number of new cases of fraud and suspected fraud; (3) the number of fraud cases resolved; and (4) the types of fraud cases described in paragraphs (2) and (3). (c) Covered loan defined In this section, the term covered loan means— (1) a loan made under paragraphs (36) or (37) of section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ); or (2) a loan made under section 7(b) of such Act ( 15 U.S.C. 636(b) ) in response to COVID–19 during the covered period (as defined in section 1110(a) of the CARES Act ( 15 U.S.C. 9009 )). (d) Termination This Act and the requirements of this Act shall terminate on the date that is two years after the date of the enactment of this Act. 2. Compliance with CUTGO No additional amounts are authorized to be appropriated to carry out this Act.

Passed the House of Representatives November 30, 2023. Kevin F. McCumber, Clerk.

tv_txt: I 118th CONGRESS 1st Session H. R. 4666 IN THE HOUSE OF REPRESENTATIVES AN ACT To require the Inspector General of the Small Business Administration to submit a quarterly report on fraud relating to certain COVID–19 loans.

1. Report on fraud relating to certain COVID–19 loans (a) In general Not later than 60 days after the date of the enactment of this Act, and every 3 months thereafter, the Inspector General of the Small Business Administration shall submit to the Committee on Small Business of the House of Representatives and the Committee on Small Business and Entrepreneurship of the Senate a report on the number of borrowers engaged in fraud with respect to a covered loan. (b) Elements The report required under subsection (a) shall include, with respect to the period covered by such report— (1) the number and total dollar amount of all covered loans made; (2) the number of new cases of fraud and suspected fraud; (3) the number of fraud cases resolved; and (4) the types of fraud cases described in paragraphs (2) and (3). (c) Covered loan defined In this section, the term covered loan means— (1) a loan made under paragraphs (36) or (37) of section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ); or (2) a loan made under section 7(b) of such Act ( 15 U.S.C. 636(b) ) in response to COVID–19 during the covered period (as defined in section 1110(a) of the CARES Act ( 15 U.S.C. 9009 )). (d) Termination This Act and the requirements of this Act shall terminate on the date that is two years after the date of the enactment of this Act. 2. Compliance with CUTGO No additional amounts are authorized to be appropriated to carry out this Act.

Passed the House of Representatives November 30, 2023. Cheryl L. Johnson, Clerk.

tv_txt: IB Union Calendar No. 146 118th CONGRESS 1st Session H. R. 4666 [Report No. 118–182] IN THE HOUSE OF REPRESENTATIVES July 17, 2023 Mr. Bean of Florida (for himself and Mr. Mfume ) introduced the following bill; which was referred to the Committee on Small Business September 1, 2023 Additional sponsors: Mr. LaLota and Mr. Phillips September 1, 2023 Reported from the Committee on Small Business ; committed to the Committee of the Whole House on the State of the Union and ordered to be printed Strike out all after the enacting clause and insert the part printed in italic A BILL To require the Inspector General of the Small Business Administration to submit a quarterly report on fraud relating to certain COVID–19 loans.

1. Report on fraud relating to certain COVID–19 loans (a) In general Not later than 60 days after the date of the enactment of this Act, and every 3 months thereafter, the Inspector General of the Small Business Administration shall submit to the Committee on Small Business of the House of Representatives and the Committee on Small Business and Entrepreneurship of the Senate a report on the number of borrowers engaged in fraud with respect to a covered loan. (b) Elements The report required under subsection (a) shall include, with respect to the period covered by such report— (1) the number and total dollar amount of all covered loans made; (2) the number of new cases of fraud and suspected fraud; (3) the number of fraud cases resolved; and (4) the types of fraud cases described in paragraphs (2) and (3). (c) Covered loan defined In this section, the term covered loan means— (1) a loan made under paragraphs (36) or (37) of section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ); or (2) a loan made under section 7(b) of such Act ( 15 U.S.C. 636(b) ) in response to COVID–19 during the covered period (as defined in section 1110(a) of the CARES Act ( 15 U.S.C. 9009 )). (d) Termination This Act and the requirements of this Act shall terminate on the date that is two years after the date of the enactment of this Act. 2. Compliance with CUTGO No additional amounts are authorized to be appropriated to carry out this Act. Such Act shall be carried out using amounts otherwise appropriated to the Administrator of the Small Business Administration or the Inspector General of the Small Business Administration.

September 1, 2023 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed

tv_txt: I 118th CONGRESS 1st Session H. R. 4666 IN THE HOUSE OF REPRESENTATIVES July 17, 2023 Mr. Bean of Florida (for himself and Mr. Mfume ) introduced the following bill; which was referred to the Committee on Small Business A BILL To require the Inspector General of the Small Business Administration to submit a quarterly report on fraud relating to certain COVID–19 loans.

1. Report on fraud relating to certain COVID–19 loans (a) In general Not later than 60 days after the date of the enactment of this Act, and every 3 months thereafter, the Inspector General of the Small Business Administration shall submit to the Committee on Small Business of the House of Representatives and the Committee on Small Business and Entrepreneurship of the Senate a report on the number of borrowers engaged in fraud with respect to a covered loan. (b) Elements The report required under subsection (a) shall include, with respect to the period covered by such report— (1) the number and total dollar amount of all covered loans made; (2) the number of new cases of fraud and suspected fraud; (3) the number of fraud cases resolved; and (4) the types of fraud cases described in paragraphs (2) and (3). (c) Covered loan defined In this section, the term covered loan means— (1) a loan made under paragraphs (36) or (37) of section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ); or (2) a loan made under section 7(b) of such Act ( 15 U.S.C. 636(b) ) in response to COVID–19 during the covered period (as defined in section 1110(a) of the CARES Act ( 15 U.S.C. 9009 )). (d) Termination This Act and the requirements of this Act shall terminate on the date that is two years after the date of the enactment of this Act. 2. Compliance with CUTGO No additional amounts are authorized to be appropriated to carry out this Act. Such Act shall be carried out using amounts otherwise appropriated to the Administrator of the Small Business Administration or the Inspector General of the Small Business Administration.