COVID Fraud Transparency Act of 2025
Sponsored By: Representative Williams, Roger [R-TX-25]
Introduced
Summary
Quarterly fraud reporting for COVID-era small business loans. This bill would require the Small Business Administration Inspector General to send Congress a report every three months showing the number and total dollar amount of covered loans, the number of new and resolved fraud or suspected fraud cases, and the types of fraud involved. The reporting duty would last two years after enactment and the measure specifies no new funding is authorized to carry it out.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
Which COVID SBA loans face reporting
If enacted, this would define which COVID-era SBA loans count as “covered loans” for fraud reports. It would include PPP loans and COVID disaster loans made during the CARES Act covered period. These rules would start at enactment and end two years later.
Two-year SBA fraud reports, no new funds
If enacted, the SBA Inspector General would send Congress fraud reports every three months, starting within 60 days. All reporting duties would end two years after enactment. No new money would be authorized to run this Act. Work would rely on existing or later-approved funds, which could limit capacity.
Sponsors & CoSponsors
Sponsor
Williams, Roger [R-TX-25]
TX • R
Cosponsors
Rep. Latimer, George [D-NY-16]
NY • D
Sponsored 1/28/2025
Bean (FL)
FL • R
Sponsored 1/28/2025
Mfume
MD • D
Sponsored 1/28/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov