H.R. 4667 · 118th Congress
Returning Erroneous COVID Loans Addressing Illegal and Misappropriated Taxpayer Funds Act
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Passed the House without a recorded vote, then expired. It passed by voice vote or unanimous consent, which don't record how each member voted, but didn't become law before the 118th Congress ended.
R
SalazarSponsor2 cosponsors · 1 D, 1 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- House Introduced Jul 17, 2023
- House Passed Nov 30, 2023
Returning Erroneous COVID Loans Addressing Illegal and Misappropriated Taxpayer Funds Act or the RECLAIM Taxpayer Funds Act
What it does: CRS summary · Passed House · Nov 30, 2023
Returning Erroneous COVID Loans Addressing Illegal and Misappropriated Taxpayer Funds Act or the RECLAIM Taxpayer Funds Act
This bill requires the Small Business Administration (SBA) to issue guidance for borrowers and lenders about returning any unused Paycheck Protection Program (PPP) loan amounts made to the borrower. The SBA must track the amounts of PPP loans returned to mitigate the risk of financial loss.
The guidance must be issued not later than 30 days after the bill is enacted.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: RECLAIM Taxpayer Funds Act
Latest action (Dec 4, 2023): Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Policy area: Commerce · Origin: House · Introduced: Jul 17, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
- House Introduced Jul 17, 2023
- House Passed Nov 30, 2023
No recorded floor vote found.