H.R. 826Passed one chamberJobs & the economy
SBA watchdog would file quarterly reports on COVID loan fraud
Data as of July 23, 2026
The SBA Inspector General would report to Congress every three months on fraud tied to PPP and EIDL loans.AI-decoded40-second read · 5 questions answered below
Decoded
AI-decodedWhat does this do?
HR 826 requires the SBA Inspector General to report to Congress's Small Business Committees within 60 days of enactment and every three months after. Reports must cover loans issued, their total value, new and resolved fraud cases, and types of fraud found. The requirement ends automatically two years after enactment.
Who does it affect?
The SBA Inspector General's office takes on the new reporting duties, and Congress's Small Business Committees receive the reports. Small business owners who received PPP or EIDL loans could face indirect effects from increased scrutiny.
Why does it matter?
Regular fraud reporting could lead to more investigations or scrutiny of how pandemic-era loans were used.
What does it cost, and who pays?
- No new spending authorized
Where does it stand?
- Introduced
- House committee
- House vote
- Senate — You are here
- President's desk
Right now: it passed the House and now goes to the Senate. If the Senate changes it, it goes back to the House before reaching the President.
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Official title
COVID Fraud Transparency Act of 2026
- Introduced:
- January 28, 2025
- Latest action:
- June 24, 2026
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Read the official bill on Congress.gov