Strengthening Taxpayer Recoveries: Extending COVID-19 Fraud Enforcement
This law aims to recover taxpayer money improperly distributed through COVID-19 relief programs, such as small business loans and grants. It mandates the continuation of collection efforts on unpaid pandemic-related loans and extends the time the government has to prosecute fraud related to these funds to 10 years. The act increases oversight and transparency regarding the recovery of these public funds.
Key points
Extends the statute of limitations for prosecuting fraud related to COVID-19 relief funds (e.g., PPP loans, grants) to 10 years.
Prohibits the suspension of collection efforts on unpaid COVID-19 related small business loans (SBA).
Extends the operation of the Special Inspector General overseeing pandemic spending until September 2030 to ensure continued accountability.
Requires real-time public reporting of recovered pandemic funds, enhancing transparency.
Expired
Additional Information
Print number: 118_S_2664
Sponsor: Sen. Ernst, Joni [R-IA]
Process start date: 2023-07-27