SBA Collections Act of 2023

This bill prohibits the Small Business Administration (SBA) from stopping or delaying collections on certain pandemic-related business loans. It directly affects borrowers who received SBA loans guaranteed under specific sections of the Small Business Act (7(a) or 7(b)(2)) tied to COVID-19. The SBA must refer these loans to the Treasury Department, which then decides whether to collect payments, discharge the debt, or suspend collections. The SBA also must provide monthly briefings to Congress on collection progress and testify annually about implementation.