HR 3202 United States House · 117th Congress

EIDL Oversight Act of 2021

Summary

EIDL Oversight Act of 2021 This bill establishes oversight requirements for economic injury disaster loans and advances made on those loans. Such requirements include directing the Small Business Administration (SBA) to (1) ensure that loan and advance proceeds are deposited in a legitimate account of a borrower, (2) ensure that any modification of a request for a loan or an advance is reviewed by an SBA employee, and (3) verify the legitimacy of loan or advance applicants through tax returns or other documentation.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

May 2021

Committee Review

Floor Vote

President

Introduced May 13, 2021 Last action May 13, 2021

Floor votes

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

May 13, 2021

Committee

Referred to the House Committee on Small Business.

lower

May 13, 2021

Introduced

Introduced in House

lower

1 primary · 13 co-sponsors

Sponsors

Role

Legislator

Party

State

District