Bill > HR826

This bill, titled the "COVID Fraud Transparency Act of 2026," mandates that the Inspector General of the Small Business Administration (SBA), an independent office within the SBA responsible for overseeing its programs and operations, must submit a quarterly report detailing fraud related to specific COVID-19 loans. These reports, due within 60 days of the bill's enactment and every three months thereafter, will be sent to the House and Senate Committees on Small Business. The reports will include the total number and dollar amount of "covered loans" – which are defined as loans made under certain sections of the Small Business Act (specifically, paragraph 36 or 37 of section 7(a), or loans made under section 7(b) in response to COVID-19 during a defined period) – as well as the number of new fraud and suspected fraud cases, the number of fraud cases that have been resolved, and the specific types of fraud involved. This reporting requirement is temporary and will conclude two years after the bill becomes law, with no additional funds authorized for its implementation.