Complete COVID Collections Act

S.68, the Complete COVID Collections Act, extends the deadline for prosecuting fraud related to pandemic relief programs to 10 years and streamlines collection processes for small business loans. It requires the Small Business Administration to refer claims under $100,000 to the Treasury for collection, mandates monthly reports to Congress on collection efforts, and demands monthly DOJ reports detailing fraud prosecutions and recovered funds. The bill directly affects businesses that received CARES Act loans, restaurant grants, or venue operator funds, as well as the SBA, Treasury, and DOJ. Key provisions include standardizing fraud enforcement timelines across all covered programs and requiring public transparency on recovered funds through the Pandemic Response Accountability Committee.