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Mandatory Collection of COVID-19 Small Business Loans (PPP and EIDL).

This bill prevents the Small Business Administration (SBA) from suspending or ending collection actions on specific COVID-19 relief loans, including Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL). For small business owners who owe money on these loans, this mandates that collection efforts must continue, with claims being transferred to the Treasury Department if the SBA intended to stop collection.
Key points
The SBA is prohibited from discharging, suspending, or ending collection efforts on outstanding COVID-19 PPP and EIDL loans.
Claims that the SBA might otherwise stop collecting must be referred to the Department of the Treasury for a final decision on collection.
The SBA Administrator must provide Congress with monthly updates on the progress of collecting these specific debts.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_S_1142
Sponsor: Sen. Ernst, Joni [R-IA]
Process start date: 2023-03-30
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

SBA Collections Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_1142.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-03-30.

What are the main provisions?

Key points include:

  • The SBA is prohibited from discharging, suspending, or ending collection efforts on outstanding COVID-19 PPP and EIDL loans.
  • Claims that the SBA might otherwise stop collecting must be referred to the Department of the Treasury for a final decision on collection.
  • The SBA Administrator must provide Congress with monthly updates on the progress of collecting these specific debts.
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 Sen. Ernst, Joni [R-IA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy