S. 68 · On the floor · Commerce

Complete COVID Collections Act

Sponsor: Joni Ernst (R-IA)

What it does

• Extends the Special Inspector General for Pandemic Recovery's authority and term until September 30, 2030, to oversee COVID-19 relief programs administered by the Small Business Administration.
• Establishes a 10-year statute of limitations for criminal charges and civil enforcement actions alleging fraud in connection with Paycheck Protection Program loans, Economic Injury Disaster Loans, and restaurant or venue grants.
• Directs the Small Business Administrator to refer covered-loan collection claims under 100,000 dollars to the Department of Treasury and requires monthly briefings to Congress on collection efforts.
• Requires the Attorney General to submit monthly reports to Congress detailing Department of Justice prosecutions, recoveries, referrals, and declined cases related to COVID-19 relief programs.

Latest action

Feb 10, 2025: Placed on Senate Legislative Calendar under General Orders. Calendar No. 8.

Committee: Senate Small Business and Entrepreneurship