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This bill establishes a National Recovery Coordinator and interagency task force to identify and recover unclaimed pandemic-era unemployment compensation funds held by financial institutions or state unclaimed property administrators. The task force will develop guidance for states, banks, and unclaimed property administrators on cost-effective recovery processes and fraud determination. The bill also extends the statute of limitations for criminal prosecution and civil enforcement actions related to pandemic unemployment fraud from the standard period to 10 years after the violation.
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