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H.R. 826119th CongressPassed one chamberLatest action Jun 24, 2026Decoded by AI · checked against the record
Official title: COVID Fraud Transparency Act of 2026
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
The SBA Inspector General would report to Congress every three months on fraud tied to PPP and EIDL loans.
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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.
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.
Regular fraud reporting could lead to more investigations or scrutiny of how pandemic-era loans were used.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: it passed the House, and the official record shows nothing new since. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.