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COVID Fraud Transparency Act of 2026
Summary
- Requires the Inspector General of the Small Business Administration to submit quarterly reports on fraud related to COVID-19 loans, beginning within 60 days of enactment.
- Requires each report to include the number and dollar amount of loans made, the number of new and resolved fraud cases, and the types of fraud identified.
- Applies to loans made under specific Small Business Act provisions during the COVID-19 pandemic response.
- Requires the reports to be submitted to the House Committee on Small Business and the Senate Committee on Small Business and Entrepreneurship.
- Terminates two years after enactment.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
3 cosponsors
- Rep. Bean, Aaron [R-FL-4] (R-FL)
- Rep. Latimer, George [D-NY-16] (D-NY)
- Rep. Mfume, Kweisi [D-MD-7] (D-MD)
Money behind the sponsor
Top reported contributors to Roger Williams’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $31,350
- DOUBLE EAGLE $16,000
- PIERSON & PATTERSON $13,200
- LENDERS & MEMBERS SERVICE GROUP $13,200
- LUTHER KING CAPITAL MANAGEMENT $11,600
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Roger Williams → · Outside spending →
Actions (13)
- Jun 24, 2026 Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. · senate
- Jun 23, 2026 Motion to reconsider laid on the table Agreed to without objection. · house
- Jun 23, 2026 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4141) · house
- Jun 23, 2026 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
- Jun 23, 2026 DEBATE - The House proceeded with forty minutes of debate on H.R. 826. · house
- Jun 23, 2026 Considered under suspension of the rules. (consideration: CR H4141-4142) · house
- Jun 23, 2026 Mr. Williams (TX) moved to suspend the rules and pass the bill, as amended. · house
- Jun 3, 2026 Placed on the Union Calendar, Calendar No. 590. · house
- Jun 3, 2026 Reported (Amended) by the Committee on Small Business. H. Rept. 119-677. · house
- May 20, 2026 Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 23 - 0. · house
- May 20, 2026 Committee Consideration and Mark-up Session Held · house
- Jan 28, 2025 Referred to the House Committee on Small Business. · house
- Jan 28, 2025 Introduced in House
More bills on these subjects (8)
Other bills that carry the most legislative subjects in common with this one (topical discovery — distinct from the procedural related bills above).
Text versions (4)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Committee action
What happened to this bill in committee — the meetings where it was considered and every recorded vote taken on it.
Meetings where this bill was on the agenda
Full text
AN ACT
To require the Inspector General of the Small Business Administration to submit a quarterly report on fraud relating to certain COVID-19 loans.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “COVID Fraud Transparency Act of 2026”.
SEC. 2. REPORT ON FRAUD RELATING TO CERTAIN COVID-19 LOANS.
(a) In General.—Not later than 60 days after the date of the enactment of this Act, and every 3 months thereafter, the Inspector General of the Small Business Administration shall submit to the Committee on Small Business of the House of Representatives and the Committee on Small Business and Entrepreneurship of the Senate a report on the number of borrowers engaged in fraud with respect to a covered loan.
(b) Elements.—The report required under subsection (a) shall include, with respect to the period covered by such report—
(1) the number and total dollar amount of all covered loans made;
(2) the number of new cases of fraud and suspected fraud;
(3) the number of fraud cases resolved; and
(4) the types of fraud cases described in paragraphs (2) and (3).
(c) Covered Loan Defined.—In this section, the term “covered loan” means—
(1) a loan made under paragraph (36) or (37) of section 7(a) of the Small Business Act (15 U.S.C. 636(a)); or
(2) a loan made under section 7(b) of such Act (15 U.S.C. 636(b)) in response to COVID-19 during the covered period (as defined in section 1110(a) of the CARES Act (15 U.S.C. 9009)).
(d) Termination.—This Act and the requirements of this Act shall terminate on the date that is two years after the date of the enactment of this Act.
SEC. 3. COMPLIANCE WITH CUTGO.
No such funds are authorized to be appropriated to carry out this Act.
Passed the House of Representatives June 23, 2026.
Attest:
Clerk. 119th CONGRESS
2d Session
H. R. 826
AN ACT
To require the Inspector General of the Small Business Administration to submit a quarterly report on fraud relating to certain COVID-19 loans.
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