H.R. 5426

To require the Administrator of the Small Business Administration to provide a link to resources for submitting reports on suspected fraud relating to certain COVID-19 loans.

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IIB

118th CONGRESS

2d Session

H. R. 5426

IN THE SENATE OF THE UNITED STATES

March 5, 2024

Received; read twice and referred to the Committee on Small Business and Entrepreneurship

AN ACT

To require the Administrator of the Small Business Administration to provide a link to resources for submitting reports on suspected fraud relating to certain COVID–19 loans.


1.

Website to report fraud relating to certain COVID–19 loans

(a)

In general

Not later than 30 days after the date of the enactment of this Act, the Administrator of the Small Business Administration shall include on the primary website of the Administration a link to a website of the Office of the Inspector General of the Small Business Administration regarding reporting fraud, waste, abuse, mismanagement, and misconduct, and containing a resource for individuals to report suspected cases of fraud with respect to a covered loan to the Administration.

(b)

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)).

Passed the House of Representatives February 29, 2024.

Kevin F. McCumber,

Clerk.