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Whistleblower Awards Program: Combating COVID-19 Loan Fraud and Recovering Funds.

This act establishes the Office of Whistleblower Awards within the Small Business Administration (SBA) to incentivize citizens to report fraud related to pandemic relief loans (COVID loans). Individuals whose original information leads to a conviction or settlement will receive a monetary award of 10% or 15% of the recovered funds. The goal is to recover taxpayer money and enhance accountability for financial misconduct in aid programs.
Key points
Establishes the Office of Whistleblower Awards to collect information on fraud concerning COVID-19 loans (e.g., PPP, EIDL).
Whistleblowers whose information leads to fund recovery receive an award of 10% (US nationals) or 15% (foreign nationals) of the amounts deposited into the dedicated Award Fund.
Individuals convicted of COVID loan fraud face an additional civil monetary penalty equal to 30% of the aggregate principal loan amount.
Provides anti-retaliation protections for individuals who report misconduct.
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Status: Placed on Calendar
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Additional Information
Print number: 119_HR_7412
Sponsor: Rep. Williams, Roger [R-TX-25]
Process start date: 2026-02-05