RECLAIM Taxpayer Funds Act

This bill establishes a clear process for returning unused Paycheck Protection Program (PPP) loan funds to the U.S. government. It requires the Small Business Administration (SBA) to issue guidance within 30 days detailing how borrowers, lenders, and financial institutions must return unused PPP funds, including documentation requirements and procedures for depositing funds into the Treasury. The law directly affects PPP borrowers who received unused funds, lenders that originated PPP loans, and SBA staff managing the process. It focuses on streamlining the return of unspent funds - without creating new fraud penalties - to ensure taxpayer money is recovered and deposited into the general Treasury fund.