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Reporting COVID-19 Loan Fraud: New Tool for Citizens

New legislation requires the Small Business Administration (SBA) to provide an easily accessible link on its website to resources that will help citizens report suspected fraud related to COVID-19 loans. This ensures that anyone can quickly and effectively report irregularities, aiming to protect public funds and ensure fairness in aid programs.
Key points
SBA must, within 30 days, add a link on its main website to resources for reporting fraud, waste, and abuse.
The link will direct to the SBA Office of the Inspector General's website, where citizens can find tools to report suspected cases of fraud related to COVID-19 loans.
This applies to loans provided under small business assistance programs in response to the COVID-19 pandemic.
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Additional Information
Print number: 118_HR_5426
Sponsor: Rep. Van Duyne, Beth [R-TX-24]
Process start date: 2023-09-13