HR 5426 United States House · 118th Congress

To require the Administrator of the Small Business Administration to provide a link to resources for submitting reports on suspected fraud relating to certain COVID-19 loans.

HR 5426 requires the Small Business Administration (SBA) to add a direct link on its main website to the Office of Inspector General's fraud reporting resources within 30 days of the bill's enactment. This link allows borrowers of specific pandemic-era SBA loans to report suspected fraud, waste, or abuse. The bill applies to loans made under SBA's Section 7(a) or 7(b) during the CARES Act-covered period (March 1, 2020, to December 31, 2020). It creates a clear, accessible pathway for borrowers to report fraud related to these loans without changing loan terms or eligibility.
Tags: Small Business
Bill status passed 3 of 5 stages cleared
Introduction
Sep 2023
Committee Review
Mar 2024
House Passage
Feb 2024
Senate Passage
President
Introduced Sep 13, 2023 Last action Mar 5, 2024
Maddy AI version diff · 1 comparison

What changed between versions

Introduced in House Engrossed in House · 1 edit · Feb 29, 2024
MINOR
The engrossed version adds a new subsection (a) that specifies the SBA Administrator must, within 30 days of enactment, place a link on the SBA's primary website directing to the Office of the Inspector General's fraud reporting page for covered loans. The definition of 'covered loan' is substantively unchanged. This clarifies the implementation mechanism and timeline for the fraud reporting requirement.
REQUIREMENT

New subsection (a) requires the SBA Administrator to include a link on the SBA's primary website to the OIG's fraud reporting website within 30 days of enactment, covering reports of fraud, waste, abuse, mismanagement, and misconduct related to covered loans.

Floor votes

How they voted

This bill passed the House by voice vote (no roll call recorded).
Full legislative history

Actions timeline

Total actions
15
Key actions
3
Committee
4
Mar 5, 2024
Committee
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
upper
Feb 29, 2024
Lower · Passed
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: 2/28/2024 CR H726)
lower
Sep 26, 2023
Lower · Passed
Reported by the Committee on Small Business. H. Rept. 118-220.
lower
Sep 14, 2023
Lower · Passed
Committee Consideration and Mark-up Session Held
lower
Sep 13, 2023
Committee
Referred to the House Committee on Small Business.
lower
Sep 13, 2023
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor

Sponsors