COVID Fraud Transparency Act of 2026
SBA COVID Loan Fraud Reporting
Stalled
No legislative action in over 90 days.
Legislative Progress
Key Points
- This bill requires the Small Business Administration's watchdog to give Congress regular updates on fraud involving pandemic relief loans. Every three months, officials would have to report how many people or businesses cheated the system to get COVID-19 relief money.
- The reports must include the total number of loans handed out, how much money was involved, and how many new fraud cases were discovered. It also tracks how many of those cases were actually solved and what kind of scams were used to steal the money.
- This plan focuses on major programs that gave out hundreds of billions of dollars during the pandemic. There have been many concerns about people using fake information to get the funds, and this bill aims to make those crimes more transparent to the public.
- The reporting requirement would last for two years once the bill becomes law. The goal is to give the public and lawmakers a clearer picture of how much taxpayer money was lost to fraud and what is being done to get it back.
- No new taxpayer money is being spent to create these reports. The agency is expected to use its existing budget to gather the data and share it with the Small Business committees in the House and Senate.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.
DEBATE - The House proceeded with forty minutes of debate on H.R. 826.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
COVID Fraud Transparency Act of 2026
Data Sources
Sponsor
Cosponsors
(3)Analysis generated by AI. Always verify with official sources.