The "COVID Fraud Transparency Act of 2026" mandates regular reports from the Small Business Administration regarding fraudulent activities related to COVID-19 loans. The Inspector General must submit these reports to the House and Senate Small Business Committees every three months. The reports will include the number and total dollar amount of covered loans made during the specified period. The Act also stipulates that no additional funds are authorized for the Act's implementation. This bill aims to increase transparency and oversight related to COVID-19 loan fraud.
COVID Fraud Transparency Act of 2025
This bill requires the Small Business Administration's Office of Inspector General to report quarterly about fraud cases involving certain COVID-19 loans (e.g., Paycheck Protection Program loans).