Us Congress 2025-2026 Regular Session

Us Congress Senate Bill SB68 Compare Versions

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Old	New		Differences
1	1		II
2		-	Calendar No. 8
3	2		119THCONGRESS
4	3		1
5	4		STSESSION S. 68
6	5		To prohibit the suspension of collections on loans made to small businesses
7	6		related to COVID–19, and for other purposes.
8	7		IN THE SENATE OF THE UNITED STATES
9	8		JANUARY9, 2025
10	9		Ms. E
11		-	RNST(for herself, Mr. YOUNG, Mrs. BLACKBURN, Mr. LANKFORD, Mr.
12		-	C
13		-	URTIS, Mr. SCHMITT, and Mr. HAWLEY) introduced the following bill;
14		-	which was read twice and referred to the Committee on Small Business
15		-	and Entrepreneurship
16		-	F
17		-	EBRUARY10, 2025
18		-	Reported by Ms. E
19		-	RNST, with amendments
20		-	[Omit the parts struck through and insert the parts printed in italic]
	10	+	RNST(for herself, Mr. YOUNG, Mrs. BLACKBURN, Mr. LANKFORD, and
	11	+	Mr. C
	12	+	URTIS) introduced the following bill; which was read twice and re-
	13	+	ferred to the Committee on Small Business and Entrepreneurship
21	14		A BILL
22	15		To prohibit the suspension of collections on loans made to
23	16		small businesses related to COVID–19, and for other
24	17		purposes.
25	18		Be it enacted by the Senate and House of Representa-1
26	19		tives of the United States of America in Congress assembled, 2
27	20		SECTION 1. SHORT TITLE. 3
28	21		This Act may be cited as the ‘‘Complete COVID Col-4
29	22		lections Act’’. 5
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32		-	•S 68 RS
33		-	SEC. 2. DEFINITIONS. 1
34		-	In this Act: 2
	23	+	SEC. 2. DEFINITIONS. 6
	24	+	In this Act: 7
35	25		(1) A
36		-	DMINISTRATION; ADMINISTRATOR.—The 3
37		-	terms ‘‘Administration’’ and ‘‘Administrator’’ mean 4
38		-	the Small Business Administration and the Adminis-5
39		-	trator thereof, respectively. 6
	26	+	DMINISTRATION; ADMINISTRATOR.—The 8
	27	+	terms ‘‘Administration’’ and ‘‘Administrator’’ mean 9
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	31	+	the Small Business Administration and the Adminis-1
	32	+	trator thereof, respectively. 2
40	33		(2) C
41		-	OVERED FUNDS .—The term ‘‘covered 7
42		-	funds’’ means amounts made available for COVID– 8
43		-	19 relief under— 9
44		-	(A) the Coronavirus Preparedness and Re-10
45		-	sponse Supplemental Appropriations Act, 2020 11
46		-	(Public Law 116–123; 134 Stat. 146); 12
47		-	(B) the Families First Coronavirus Re-13
48		-	sponse Act (Public Law 116–127; 134 Stat. 14
49		-	178); 15
50		-	(C) the CARES Act (Public Law 116–136; 16
51		-	134 Stat. 281); 17
52		-	(D) the Paycheck Protection Program and 18
53		-	Health Care Enhancement Act (Public Law 19
54		-	116–139; 134 Stat. 620); 20
55		-	(E) division M or N of the Consolidated 21
56		-	Appropriations Act, 2021 (Public Law 116– 22
57		-	260; 134 Stat.
58		-	~~19091182~~)~~; or 23~~
59		-	(F) ~~the American Rescue Plan Act of 2021 24~~
60		-	(~~Public Law 117–2; 135 Stat. 4). 25~~
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63		-	~~•S 68 RS~~
64		-	(3~~) COVERED LOAN.—The term ‘‘covered loan’’ 1~~
65		-	~~means— 2~~
66		-	(A) a loan guaranteed under paragraph 3
67		-	(36) or (37) of section 7(a) of the Small Busi-4
68		-	ness Act (15 U.S.C. 636(a)); and 5
69		-	(B) a loan made under section 7(b)(2) of 6
70		-	the Small Business Act (15 U.S.C. 636(b)(2)) 7
71		-	related to COVID–19. 8
	34	+	OVERED FUNDS .—The term ‘‘covered 3
	35	+	funds’’ means amounts made available for COVID– 4
	36	+	19 relief under— 5
	37	+	(A) the Coronavirus Preparedness and Re-6
	38	+	sponse Supplemental Appropriations Act, 2020 7
	39	+	(Public Law 116–123; 134 Stat 146); 8
	40	+	(B) the Families First Coronavirus Re-9
	41	+	sponse Act (Public Law 116–127; 134 Stat. 10
	42	+	178); 11
	43	+	(C) the CARES Act (Public Law 116–136; 12
	44	+	134 Stat. 281); 13
	45	+	(D) the Paycheck Protection Program and 14
	46	+	Health Care Enhancement Act (Public Law 15
	47	+	116–139; 134 Stat. 620); 16
	48	+	(E) division M or N of the Consolidated 17
	49	+	Appropriations Act, 2021 (Public Law 116– 18
	50	+	260; 134 Stat. 1909); or 19
	51	+	(F) the American Rescue Plan Act of 2021 20
	52	+	(Public Law 117–2; 135 Stat. 4). 21
	53	+	(3) C
	54	+	OVERED LOAN.—The term ‘‘covered loan’’ 22
	55	+	means— 23
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	59	+	(A) a loan guaranteed under paragraph 1
	60	+	(36) or (37) of section 7(a) of the Small Busi-2
	61	+	ness Act (15 U.S.C. 636(a)); and 3
	62	+	(B) a loan made under section 7(b)(2) of 4
	63	+	the Small Business Act (15 U.S.C. 636(b)(2)) 5
	64	+	related to COVID–19. 6
72	65		(4) C
73		-	OVERED PROGRAM .—The term ‘‘covered 9
74		-	program’’ means— 10
75		-	(A) loans made under paragraph (36) or 11
76		-	(37) of section 7(a) of the Small Business Act 12
77		-	(15 U.S.C. 636(a)); 13
78		-	(B) economic injury disaster loans made 14
79		-	under section 7(b)(2) of the Small Business Act 15
80		-	(15 U.S.C. 636(b)(2)) related to COVID–19; 16
81		-	(C) advances provided pursuant to section 17
82		-	1110 of the CARES Act (15 U.S.C. 9009), sec-18
83		-	tion 331 of division N of the Consolidated Ap-19
84		-	propriations Act, 2021 (15 U.S.C. 9009b), or 20
85		-	section 5002(b) of the American Rescue Plan 21
86		-	Act of 2021 (15 U.S.C. 9009 note); 22
87		-	(D) restaurant revitalization grants made 23
88		-	under section 5003 of the American Rescue 24
89		-	Plan Act of 2021 (15 U.S.C. 9009c); and 25
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92		-	~~•S 68 RS~~
93		-	~~(E) grants for shuttered venue operators 1~~
94		-	~~made under section 324 of division N of the 2~~
95		-	Consolidated Appropriations Act, 2021 (15 3
96		-	U.S.C. 9009a). 4
	66	+	OVERED PROGRAM .—The term ‘‘covered 7
	67	+	program’’ means— 8
	68	+	(A) loans made under paragraph (36) or 9
	69	+	(37) of section 7(a) of the Small Business Act 10
	70	+	(15 U.S.C. 636(a)); 11
	71	+	(B) economic injury disaster loans made 12
	72	+	under section 7(b)(2) of the Small Business Act 13
	73	+	(15 U.S.C. 636(b)(2)) related to COVID–19; 14
	74	+	(C) advances provided pursuant to section 15
	75	+	1110 of the CARES Act (15 U.S.C. 9009), sec-16
	76	+	tion 331 of division N of the Consolidated Ap-17
	77	+	propriations Act, 2021 (15 U.S.C. 9009b), or 18
	78	+	section 5002(b) of the American Rescue Plan 19
	79	+	Act of 2021 (15 U.S.C. 9009 note); 20
	80	+	(D) restaurant revitalization grants made 21
	81	+	under section 5003 of the American Rescue 22
	82	+	Plan Act of 2021 (15 U.S.C. 9009c); and 23
	83	+	(E) grants for shuttered venue operators 24
	84	+	made under section 324 of division N of the 25
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	88	+	Consolidated Appropriations Act, 2021 (15 1
	89	+	U.S.C. 9009a). 2
97	90		(5) I
98		-	MPROPER PAYMENT .—The term ‘‘improper 5
99		-	payment’’ has the meaning given the term in section 6
100		-	3351 of title 31, United States Code. 7
101		-	SEC. 3. SPECIAL INSPECTOR GENERAL FOR PANDEMIC RE-8
102		-	COVERY. 9
	91	+	MPROPER PAYMENT .—The term ‘‘improper 3
	92	+	payment’’ has the meaning given the term in section 4
	93	+	3351 of title 31, United States Code. 5
	94	+	SEC. 3. SPECIAL INSPECTOR GENERAL FOR PANDEMIC RE-6
	95	+	COVERY. 7
103	96		(a) E
104		-	XTENSION.—Section 4018 of the CARES Act 10
105		-	(15 U.S.C. 9053) is amended— 11
106		-	(1) in subsection (c)(1), in the matter preceding 12
107		-	subparagraph (A)— 13
108		-	(A) by inserting ‘‘or the Administrator of 14
109		-	the Small Business Administration (referred to 15
110		-	in this
111		-	sectionsubsection as the ‘Adminis-16
112		-	trator’)’’ after ‘‘the Secretary of the Treasury’’; 17
113		-	(B) by inserting ‘‘or the Administrator’’ 18
114		-	after ‘‘established by the Secretary’’; 19
115		-	(C) by inserting ‘‘or any assistance pro-20
116		-	vided under any covered program’’ after ‘‘under 21
117		-	this Act’’ each place that term appears; and 22
118		-	(D) by inserting ‘‘or the Administrator’’ 23
119		-	after ‘‘management by the Secretary’’; 24
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123		-	(2) in subsection (h), by striking ‘‘the date 5 1
124		-	years after March27,2020the enactment of this 2
125		-	Act’’ and inserting ‘‘September 30, 2030’’; and 3
126		-	(3) by adding at the end the following: 4
	97	+	XTENSION.—Section 4018 of the CARES Act 8
	98	+	(15 U.S.C. 9053) is amended— 9
	99	+	(1) in subsection (c)(1), in the matter preceding 10
	100	+	subparagraph (A)— 11
	101	+	(A) by inserting ‘‘or the Administrator of 12
	102	+	the Small Business Administration (referred to 13
	103	+	in this section as the ‘Administrator’)’’ after 14
	104	+	‘‘the Secretary of the Treasury’’; 15
	105	+	(B) by inserting ‘‘or the Administrator’’ 16
	106	+	after ‘‘established by the Secretary’’; 17
	107	+	(C) by inserting ‘‘or any assistance pro-18
	108	+	vided under any covered program’’ after ‘‘under 19
	109	+	this Act’’ each place that term appears; and 20
	110	+	(D) by inserting ‘‘or the Administrator’’ 21
	111	+	after ‘‘management by the Secretary’’; 22
	112	+	(2) in subsection (h), by striking ‘‘the date 5 23
	113	+	years after March 27, 2020’’ and inserting ‘‘Sep-24
	114	+	tember 30, 2030’’; and 25
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	118	+	(3) by adding at the end the following: 1
127	119		‘‘(k) C
128		-	OORDINATION AND PROVISION OFINFORMA-5
129		-	TION.— 6
	120	+	OORDINATION AND PROVISION OFINFORMA-2
	121	+	TION.— 3
130	122		‘‘(1) C
131		-	OORDINATION.—In carrying out the du-7
132		-	ties, responsibilities, and authorities of the Special 8
133		-	Inspector General under this section, the Special In-9
134		-	spector General shall coordinate with, and receive 10
135		-	the cooperation of, the Administrator of the ~~Small 11~~
136		-	~~Business Administration and~~ the ~~Inspector General 12~~
137		-	~~of the Small Business Administration~~. 13
	123	+	OORDINATION.—In carrying out the du-4
	124	+	ties, responsibilities, and authorities of the Special 5
	125	+	Inspector General under this section, the Special In-6
	126	+	spector General shall coordinate with, and receive 7
	127	+	the cooperation of, the Administrator and the In-8
	128	+	spector General of the Small Business Administra-9
	129	+	tion. 10
138	130		‘‘(2) I
139		-	NFORMATION.—The Administrator of the 14
140		-	Small Business Administration shall provide data 15
141		-	and information related to covered programs to the 16
142		-	Special Inspector General in the same manner as the 17
143		-	Administrator provides that data and information to 18
144		-	the Inspector General of the Small Business Admin-19
145		-	istration. 20
	131	+	NFORMATION.—The Administrator shall 11
	132	+	provide data and information related to covered pro-12
	133	+	grams to the Special Inspector General in the same 13
	134	+	manner as the Administrator provides that data and 14
	135	+	information to the Inspector General of the Small 15
	136	+	Business Administration. 16
146	137		‘‘(l) C
147		-	OVEREDPROGRAM.—In this section, the term 21
148		-	‘covered program’ has the meaning given the term in sec-22
149		-	tion 2 of the Complete COVID Collections Act.’’. 23
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153		-	SEC. 4. FRAUD ENFORCEMENT HARMONIZATION. 1
	138	+	OVEREDPROGRAM.—In this section, the term 17
	139	+	‘covered program’ has the meaning given the term in sec-18
	140	+	tion 2 of the Complete COVID Collections Act.’’. 19
	141	+	SEC. 4. FRAUD ENFORCEMENT HARMONIZATION. 20
154	142		(a) E
155		-	MERGENCYRELIEF ANDTAXPAYERPROTEC-2
156		-	TIONS.—Section 4003 of the CARES Act (15 U.S.C. 3
157		-	9042) is amended by adding at the end the following: 4
	143	+	MERGENCYRELIEF ANDTAXPAYERPROTEC-21
	144	+	TIONS.—Section 4003 of the CARES Act (15 U.S.C. 22
	145	+	9042) is amended by adding at the end the following: 23
158	146		‘‘(i) F
159		-	RAUDENFORCEMENT HARMONIZATION.—Not-5
160		-	withstanding any other provision of law, any criminal 6
161		-	charge or civil enforcement action alleging that a business, 7
162		-	State, or municipality engaged in fraud or similarly re-8
163		-	lated crime with respect to any loan, loan guarantee, or 9
164		-	other investment made under this section shall be filed not 10
165		-	later than 10 years after the offense was committed.’’. 11
	147	+	RAUDENFORCEMENT HARMONIZATION.—Not-24
	148	+	withstanding any other provision of law, any criminal 25
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	152	+	charge or civil enforcement action alleging that a business, 1
	153	+	State, or municipality engaged in fraud or similarly re-2
	154	+	lated crime with respect to any loan, loan guarantee, or 3
	155	+	other investment made under this section shall be filed not 4
	156	+	later than 10 years after the offense was committed.’’. 5
166	157		(b) G
167		-	RANTS FORSHUTTEREDVENUEOPERATORS.— 12
168		-	Section 324 of division N of the Consolidated Appropria-13
169		-	tions Act, 2021 (15 U.S.C. 9009a) is amended by adding 14
170		-	at the end the following: 15
	158	+	RANTS FORSHUTTEREDVENUEOPERATORS.— 6
	159	+	Section 324 of division N of the Consolidated Appropria-7
	160	+	tions Act, 2021 (15 U.S.C. 9009a) is amended by adding 8
	161	+	at the end the following: 9
171	162		‘‘(g) F
172		-	RAUDENFORCEMENTHARMONIZATION.—Not-16
173		-	withstanding any other provision of law, any criminal 17
174		-	charge or civil enforcement action alleging that
175		-	abusiness, 18
176		-	State,ormunicipalityan eligible person or entity engaged 19
177		-	in fraud or similarly related crime with respect to any 20
178		-	grant made under this section shall be filed not later than 21
179		-	10 years after the offense was committed.’’. 22
	163	+	RAUDENFORCEMENTHARMONIZATION.—Not-10
	164	+	withstanding any other provision of law, any criminal 11
	165	+	charge or civil enforcement action alleging that a business, 12
	166	+	State, or municipality engaged in fraud or similarly re-13
	167	+	lated crime with respect to any grant made under this sec-14
	168	+	tion shall be filed not later than 10 years after the offense 15
	169	+	was committed.’’. 16
180	170		(c) R
181		-	ESTAURANTREVITALIZATIONGRANTS.—Sec-23
182		-	tion 5003 of the American Rescue Plan Act of 2021 (15 24
183		-	U.S.C. 9009c) is amended by adding at the end the fol-25
184		-	lowing: 26
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188		-	‘‘(d) FRAUDENFORCEMENTHARMONIZATION.—Not-1
189		-	withstanding any other provision of law, any criminal 2
190		-	charge or civil enforcement action alleging that abusiness, 3
191		-	State,ormunicipalityan eligible entity engaged in fraud 4
192		-	or similarly related crime with respect to any grant made 5
193		-	under this section shall be filed not later than 10 years 6
194		-	after the offense was committed.’’. 7
195		-	SEC. 5. PROHIBITION ON SUSPENDING COLLECTIONS ON 8
196		-	SBA LOANS RELATED TO COVID–19. 9
	171	+	ESTAURANTREVITALIZATIONGRANTS.—Sec-17
	172	+	tion 5003 of the American Rescue Plan Act of 2021 (15 18
	173	+	U.S.C. 9009c) is amended by adding at the end the fol-19
	174	+	lowing: 20
	175	+	‘‘(d) F
	176	+	RAUDENFORCEMENTHARMONIZATION.—Not-21
	177	+	withstanding any other provision of law, any criminal 22
	178	+	charge or civil enforcement action alleging that a business, 23
	179	+	State, or municipality engaged in fraud or similarly re-24
	180	+	lated crime with respect to any grant made under this sec-25
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	184	+	tion shall be filed not later than 10 years after the offense 1
	185	+	was committed.’’. 2
	186	+	SEC. 5. PROHIBITION ON SUSPENDING COLLECTIONS ON 3
	187	+	SBA LOANS RELATED TO COVID–19. 4
197	188		(a) R
198		-	EFERRAL OFCLAIMS.—The Administrator shall 10
199		-	refer to the Department of the Treasury any claim for 11
200		-	collection related to a covered loan under $100,000. 12
	189	+	EFERRAL OFCLAIMS.—The Administrator shall 5
	190	+	refer to the Department of the Treasury any claim for 6
	191	+	collection related to a covered loan under $100,000. 7
201	192		(b) D
202		-	EPARTMENT OF THE TREASURYDETERMINA-13
203		-	TION.—The Department of the Treasury shall render a 14
204		-	final decision as to suspend, end, or make collection on 15
205		-	a claim referred to the Department of the Treasury by 16
206		-	the Administrator under subsection (a). 17
	193	+	EPARTMENT OF THE TREASURYDETERMINA-8
	194	+	TION.—The Department of the Treasury shall render a 9
	195	+	final decision as to suspend, end, or make collection on 10
	196	+	a claim referred to the Department of the Treasury by 11
	197	+	the Administrator under subsection (a). 12
207	198		(c) B
208		-	RIEFINGS ANDTESTIMONY.— 18
	199	+	RIEFINGS ANDTESTIMONY.— 13
209	200		(1) M
210		-	ONTHLY BRIEFINGS.—Not later than 30 19
211		-	days after the date of enactment of this Act, and 20
212		-	every 30 days thereafter, the Administrator shall 21
213		-	brief the Committee on Small Business and Entre-22
214		-	preneurship of the Senate and the Committee on 23
215		-	Small Business of the House of Representatives on 24
216		-	the progress of the Administrator in pursuing the 25
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219		-	•S 68 RS
220		-	collection of claims related to covered loans and 1
221		-	transferring claims to the Department of the Treas-2
222		-	ury for collection in accordance with subchapter II 3
223		-	of chapter 37 of title 31, United States Code. 4
	201	+	ONTHLY BRIEFINGS.—Not later than 30 14
	202	+	days after the date of enactment of this Act, and 15
	203	+	every 30 days thereafter, the Administrator shall 16
	204	+	brief the Committee on Small Business and Entre-17
	205	+	preneurship of the Senate and the Committee on 18
	206	+	Small Business of the House of Representatives on 19
	207	+	the progress of the Administrator in pursuing the 20
	208	+	collection of claims related to covered loans and 21
	209	+	transferring claims to the Department of the Treas-22
	210	+	ury for collection in accordance with subchapter II 23
	211	+	of chapter 37 of title 31, United States Code. 24
224	212		(2) T
225		-	ESTIMONY.— 5
226		-	(A) I
227		-	N GENERAL.—The Administrator 6
228		-	shall testify annually before the Committee on 7
229		-	Small Business and Entrepreneurship of the 8
230		-	Senate and the Committee on Small Business 9
231		-	of the House of Representatives on— 10
232		-	(i) the implementation of collections of 11
233		-	claims related to covered loans; 12
234		-	(ii) improper payments related to cov-13
235		-	ered programs; and 14
236		-	(iii) the compliance of the Administra-15
237		-	tion with the reporting requirements under 16
238		-	subchapter IV of chapter 33 of title 31, 17
239		-	United States Code. 18
	213	+	ESTIMONY.— 25
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	217	+	(A) IN GENERAL.—The Administrator 1
	218	+	shall testify annually before the Committee on 2
	219	+	Small Business and Entrepreneurship of the 3
	220	+	Senate and the Committee on Small Business 4
	221	+	of the House of Representatives on— 5
	222	+	(i) the implementation of collections of 6
	223	+	claims related to covered loans; 7
	224	+	(ii) improper payments related to cov-8
	225	+	ered programs; and 9
	226	+	(iii) the compliance of the Administra-10
	227	+	tion with the reporting requirements under 11
	228	+	subchapter IV of chapter 33 of title 31, 12
	229	+	United States Code. 13
240	230		(B) N
241		-	ONDELEGATION.—The Administrator 19
242		-	may not delegate the responsibility under sub-20
243		-	paragraph (A) to any other individual. 21
244		-	SEC. 6. DEPARTMENT OF JUSTICE COVID–19 PROGRAM 22
245		-	FRAUD REPORT. 23
	231	+	ONDELEGATION.—The Administrator 14
	232	+	may not delegate the responsibility under sub-15
	233	+	paragraph (A) to any other individual. 16
	234	+	SEC. 6. DEPARTMENT OF JUSTICE COVID–19 PROGRAM 17
	235	+	FRAUD REPORT. 18
246	236		(a) R
247		-	EQUIREMENT.—Not later than 90 days after the 24
248		-	date of enactment of this Act, and every month thereafter, 25
249		-	VerDate Sep 11 2014 23:13 Feb 10, 2025 Jkt 059200 PO 00000 Frm 00008 Fmt 6652 Sfmt 6201 E:\BILLS\S68.RS S68
250		-	kjohnson on DSK7ZCZBW3PROD with $$_JOB 9
251		-	•S 68 RS
252		-	the Attorney General shall submit to Congress a report 1
253		-	on activities of the Department of Justice related to covered 2
254		-	programs, which shall include— 3
255		-	(1) a summary of the information contained in 4
256		-	the report, specifically the total number of prosecu-5
257		-	tions, the total dollar amount recovered by prosecu-6
258		-	tions, the total number of referrals and source of 7
259		-	such referrals, and the total number of declined 8
260		-	cases and reasons for declining; 9
261		-	(2) with respect to each covered program— 10
262		-	(A) the number of prosecutions and disposi-11
263		-	tion of each prosecution; 12
264		-	(B) the dollar amount recovered from pros-13
265		-	ecutions; 14
266		-	(C) the number of declined cases and the 15
267		-	reasons for declining; 16
268		-	(D) the number of referrals— 17
269		-	(i) from the Department of Justice; 18
270		-	and 19
271		-	(ii) from sources other than the De-20
272		-	partment of Justice, such as other inspec-21
273		-	tors general of other agencies; and 22
274		-	(E) the disposition of each referral de-23
275		-	scribed in subparagraph (D), specifically wheth-24
276		-	VerDate Sep 11 2014 23:13 Feb 10, 2025 Jkt 059200 PO 00000 Frm 00009 Fmt 6652 Sfmt 6201 E:\BILLS\S68.RS S68
277		-	kjohnson on DSK7ZCZBW3PROD with $$_JOB 10
278		-	•S 68 RS
279		-	er the referral resulted in prosecution or dec-1
280		-	lination; and 2
281		-	(3) any additional matters as the Attorney Gen-3
282		-	eral determines appropriate. 4
283		-	SEC. 7. RECOVERIES TRANSPARENCY. 5
284		-	Not later than 60 days after the date of enactment 6
285		-	of this Act, the Pandemic Response Accountability Com-7
286		-	mittee established under section 15010 of division B of 8
287		-	the CARES Act (Public Law 116–136; 134 Stat. 533) 9
288		-	shall establish and maintain on the website of the Com-10
289		-	mittee real-time data relating to covered funds recovered 11
290		-	by the Federal Government, which shall be broken out by 12
291		-	type of covered funds and dollar amount of covered funds 13
292		-	recovered by the Federal Government. 14
293		-	SEC. 8. FRAUD RECOVERY COLLECTIONS. 15
294		-	Any collection of amounts that were obtained through 16
295		-	a covered program as a result of fraud shall be applied sole-17
296		-	ly towards reduction of the Federal debt. 18
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299		-	kjohnson on DSK7ZCZBW3PROD with $$_JOB Calendar No.
300		-	8
301		-	119
302		-	TH
303		-	CONGRESS
304		-	1
305		-	ST
306		-	S
307		-	ESSION
308		-
309		-	S. 68 A BILL
310		-	To prohibit the suspension of collections on loans
311		-	made to small businesses related to COVID–19,
312		-	and for other purposes.
313		-	F
314		-	EBRUARY
315		-	10, 2025
316		-	Reported with amendments
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318		-	kjohnson on DSK7ZCZBW3PROD with $$_JOB
	237	+	EQUIREMENT.—Not later than 90 days after the 19
	238	+	date of enactment of this Act, and every month thereafter, 20
	239	+	the Attorney General shall submit to Congress a report 21
	240	+	on activities related to covered programs, which shall in-22
	241	+	clude— 23
	242	+	(1) a summary of the information contained in 24
	243	+	the report, specifically the total number of prosecu-25
	244	+	VerDate Sep 11 2014 22:09 Jan 30, 2025 Jkt 059200 PO 00000 Frm 00008 Fmt 6652 Sfmt 6201 E:\BILLS\S68.IS S68
	245	+	ssavage on LAPJG3WLY3PROD with BILLS 9
	246	+	•S 68 IS
	247	+	tions, the total dollar amount recovered by prosecu-1
	248	+	tions, the total number of referrals and source of 2
	249	+	such referrals, and the total number of declined 3
	250	+	cases and reasons for declining; 4
	251	+	(2) with respect to each covered program— 5
	252	+	(A) the number and disposition of each 6
	253	+	prosecution; 7
	254	+	(B) the dollar amount recovered from pros-8
	255	+	ecutions; 9
	256	+	(C) the number of declined cases and the 10
	257	+	reasons for declining; 11
	258	+	(D) the number of referrals— 12
	259	+	(i) from the Department of Justice; 13
	260	+	and 14
	261	+	(ii) from sources other than the De-15
	262	+	partment of Justice, such as other inspec-16
	263	+	tors general; and 17
	264	+	(E) the disposition of each referral de-18
	265	+	scribed in subparagraph (D), specifically wheth-19
	266	+	er the referral resulted in prosecution or dec-20
	267	+	lination; and 21
	268	+	(3) any additional matters as the Attorney Gen-22
	269	+	eral determines appropriate. 23
	270	+	VerDate Sep 11 2014 22:09 Jan 30, 2025 Jkt 059200 PO 00000 Frm 00009 Fmt 6652 Sfmt 6201 E:\BILLS\S68.IS S68
	271	+	ssavage on LAPJG3WLY3PROD with BILLS 10
	272	+	•S 68 IS
	273	+	SEC. 7. RECOVERIES TRANSPARENCY. 1
	274	+	Not later than 60 days after the date of enactment 2
	275	+	of this Act, the Pandemic Response Accountability Com-3
	276	+	mittee established under section 15010 of division B of 4
	277	+	the CARES Act (Public Law 116–136; 134 Stat. 533) 5
	278	+	shall establish and maintain on the website of the Com-6
	279	+	mittee real-time data relating to covered funds recovered 7
	280	+	by the Federal Government, which shall be broken out by 8
	281	+	type of covered funds and dollar amount of covered funds 9
	282	+	recovered by the Federal Government. 10
	283	+	Æ
	284	+	VerDate Sep 11 2014 22:09 Jan 30, 2025 Jkt 059200 PO 00000 Frm 00010 Fmt 6652 Sfmt 6301 E:\BILLS\S68.IS S68
	285	+	ssavage on LAPJG3WLY3PROD with BILLS