Complete COVID Collections Act
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Summary
The Complete COVID Collections Act requires the Small Business Administration to pursue collection of COVID-19 relief loans and refer claims under $100,000 to the Treasury Department for collection. The bill extends the Special Inspector General for Pandemic Recovery's authority through September 30, 2030, establishes a 10-year statute of limitations for fraud prosecutions related to COVID relief programs, and mandates monthly briefings and annual testimony from the SBA Administrator on loan collections and improper payments. It also requires the Department of Justice to submit monthly reports on COVID program fraud prosecutions and the Pandemic Response Accountability Committee to maintain real-time data on recovered funds.
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