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H.R. 7412119th CongressPlaced on the calendarLatest action Feb 20, 2026Decoded by AI · checked against the record
Official title: Put America on Commission Act of 2026
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
The bill would reward whistleblowers with 10-15% of money recovered from COVID small business loan fraud cases.
55-second read · 5 questions answered below
The "Put America on Commission Act of 2026" creates a whistleblower reward program through a new Office of Whistleblower Awards at the SBA. Whistleblowers who report original fraud tips about PPP or EIDL loans can receive 10% of recovered funds from U.S. wrongdoers, or 15% from foreign wrongdoers, if the tip leads to a conviction or settlement.
This affects potential whistleblowers with inside knowledge of COVID-era loan fraud, businesses or individuals who received pandemic loans and may face investigation, and the SBA and its Inspector General, who must build and operate the program.
The program creates new financial incentives and legal processes for uncovering pandemic loan fraud, along with new obligations for the SBA and potential liability for those found to have committed fraud. It also expands government enforcement authority and adds reporting requirements to Congress.
The program is funded by a new civil penalty equal to 30% of the fraudulent loan amount, charged to those convicted or who settle fraud cases, with rewards paid from a new Treasury fund within one year of collection.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: it was placed on the House floor calendar, and the official record shows no floor action on it since. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Placed on the Union Calendar, Calendar No. 425.