AI-assisted analysis based on the official CRS summary. Source version: Jul 29, 2026. Analysis updated: Sep 12, 2026.
01 — The Text
What.
- The Small Business Administration's Office of Inspector General must report quarterly to Congress on fraud involving COVID-19 loans, including Paycheck Protection Program loans
- Each report must detail the number and total dollar amount of COVID-19 loans involved in fraud cases
- Reports must include counts of new fraud and suspected fraud cases, as well as resolved cases
- Reports must categorize the types of fraud discovered
- Reporting requirements automatically end two years after enactment
02 — The Stakes
So what?
- Congress will receive regular updates on the scope and nature of COVID-19 loan fraud, though the official summary does not specify how this information will be used or what enforcement actions may follow
- The two-year sunset means reporting obligations are temporary unless Congress extends them
- The summary does not establish whether this reporting will reduce fraud, improve recovery of misspent funds, or produce other specific outcomes
03 — The Path
Now what?
- House passed the bill on June 23, 2026 by voice vote under suspension of rules
- Senate received the bill on June 24, 2026 and referred it to the Committee on Small Business and Entrepreneurship
- Committee on Small Business reported an amended version on June 3, 2026
- No further Senate action has been recorded
Legislative History
Actions.
- Jun 24, 2026 — Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Jun 23, 2026 — Motion to reconsider laid on the table Agreed to without objection.
- Jun 23, 2026 — On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4141)
- Jun 23, 2026 — Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
- Jun 23, 2026 — DEBATE - The House proceeded with forty minutes of debate on H.R. 826.
- Jun 23, 2026 — Considered under suspension of the rules. (consideration: CR H4141-4142)
- Jun 23, 2026 — Mr. Williams (TX) moved to suspend the rules and pass the bill, as amended.
- Jun 3, 2026 — Placed on the Union Calendar, Calendar No. 590.