COVID Fraud Transparency Act of 2025
Description
This bill would require quarterly reports to Congress on fraud cases involving COVID-19 small business loans for two years after enactment.
Summary
What it does
This bill would require the Small Business Administration's Office of Inspector General to provide quarterly reports to Congress regarding fraud cases involving COVID-19 relief loans, such as those from the Paycheck Protection Program. These reports must detail the number and total dollar amount of the loans, the volume of new and resolved fraud cases, and the specific types of fraud identified. The reporting requirement proposes to remain in effect for two years following the bill's enactment.
Who is affected
The bill primarily affects the Small Business Administration's Office of Inspector General, which is required to produce quarterly reports on fraud cases. The legislation also impacts Congress by providing them with data regarding fraud and suspected fraud involving COVID-19 relief programs, such as the Paycheck Protection Program.
Key provisions
- Quarterly fraud reporting requirements. The Small Business Administration's Office of Inspector General must provide quarterly reports to Congress regarding fraud cases involving specific COVID-19 relief loans, such as the Paycheck Protection Program.
- Mandatory reporting metrics. Each report must detail the number and total dollar amount of relevant loans, the volume of new and resolved fraud cases, and the specific types of fraud identified.
- Sunset of reporting obligations. The requirement for the Office of Inspector General to submit these quarterly fraud reports terminates two years after the date of the bill's enactment.
Fiscal impact
- H.R. 826, COVID Fraud Transparency Act of 2026· As reported by the House Committee on Small Business on June 3, 2026
Effective dates
The reporting requirements established by this bill are scheduled to terminate two years after the date of enactment.
Relationship to existing law
The bill establishes new reporting requirements for the Small Business Administration's Office of Inspector General regarding fraud cases involving existing COVID-19 relief programs, such as the Paycheck Protection Program.
Stated purpose
The bill aims to increase oversight and transparency regarding COVID-19 relief funds by requiring the Small Business Administration's Office of Inspector General to provide Congress with detailed quarterly reports on fraud and suspected fraud involving pandemic-era loan programs.