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119-hr-4210119th CongressWALLET

Accountability Doesn’t Expire Act

Sponsored By: Representative Vindman, Eugene Simon [D-VA-7]

Introduced

Summary

Extends the Pandemic Response Accountability Committee's oversight through 2030. It would also require PRAC to deliver a focused report to Congress by September 30, 2030 on the effects of extending statute‑of‑limitations periods for Paycheck Protection Program loans.

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  • Pandemic Response Accountability Committee: Would remain legally established through 2030, preserving its current structure, functions, and authorities.
  • Congress: Would receive a one‑time report by September 30, 2030 that assesses the impact of each extension of the applicable statute of limitations for PPP loans made under paragraphs (36) or (37) of section 7(a) of the Small Business Act, as implemented by the Bank Fraud Enforcement Harmonization Act of 2022.
  • PPP loan stakeholders: The required report would give oversight officials and affected parties targeted analysis of how those statute‑of‑limitations extensions affected enforcement and timing for PPP loan cases.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Keep pandemic spending watchdog through 2030

If enacted, this would keep the Pandemic Response Accountability Committee working until 2030, instead of 2025. The committee reviews pandemic spending and checks for fraud and waste. It would not create new benefits or payments. It would extend federal oversight so audits and reports could continue.

Study of PPP enforcement time limits

If enacted, the committee would submit a report to Congress by September 30, 2030. It would review how longer time limits for PPP loan cases have affected enforcement, borrowers, and lenders. It would cover loans made under specific PPP rules in the Small Business Act. This would not change PPP loan terms now, but could guide future oversight.

Sponsors & CoSponsors

Sponsor

Vindman, Eugene Simon [D-VA-7]

VA • D

Cosponsors

  • Rep. Zinke, Ryan K. [R-MT-1]

    MT • R

    Sponsored 6/26/2025

Roll Call Votes

No roll call votes available for this bill.

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