arrow_back Back to App

Increased oversight of COVID-19 loan fraud for small businesses.

New law mandates the Inspector General of the Small Business Administration to regularly report on fraud related to COVID-19 loans. This aims to enhance transparency and accountability in public spending, indirectly impacting citizens' trust in the management of aid funds.
Key points
Requires quarterly reports on fraud in COVID-19 loans for small businesses.
Reports will include loan numbers, values, new fraud cases, and types of fraud.
The act will be in effect for two years from its enactment date.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_4666
Sponsor: Rep. Bean, Aaron [R-FL-4]
Process start date: 2023-07-17
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

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

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4666.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-07-17.

What are the main provisions?

Key points include:

  • Requires quarterly reports on fraud in COVID-19 loans for small businesses.
  • Reports will include loan numbers, values, new fraud cases, and types of fraud.
  • The act will be in effect for two years from its enactment date.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Bean, Aaron [R-FL-4].

What is the latest detailed status?

The latest detailed status is: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: 11/28/2023 CR H5909)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy Courts and Law