United States 119th Congress Status: In Committee 7 R cosponsors

S 68 — Complete COVID Collections Act

Last action — Placed on Senate Legislative Calendar under General Orders. Calendar No. 8.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced January 09, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Stalled 26% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 7 sponsors

    1 primary, 6 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (7 R).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

43 added · 28 removed

Plain-language change summary

The bill now includes amendments that add specific provisions related to data sharing and reporting. The Administrator of the Small Business Administration must provide information about covered programs to the Special Inspector General, similar to how they share data with the regular Inspector General. Additionally, the timeline for filing allegations of fraud related to grants has been clarified to be within 10 years of the offense. These changes ensure better oversight and transparency in the management of small business programs.

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68 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S.
68 Reported in Senate (RS)] <DOC> Calendar No.
8 119th CONGRESS 1st Session S.
Lankford, and Mr.
Lankford, Mr.
Curtis) introduced the following bill;
Curtis, Mr.
which was read twice and referred to the Committee on Small Business and Entrepreneurship _______________________________________________________________________ A BILL To prohibit the suspension of collections on loans made to small businesses related to COVID-19, and for other purposes.
Schmitt, and Mr.
Hawley) introduced the following bill;
which was read twice and referred to the Committee on Small Business and Entrepreneurship February 10, 2025 Reported by Ms.
Ernst, with amendments [Omit the parts struck through and insert the parts printed in italic] _______________________________________________________________________ A BILL To prohibit the suspension of collections on loans made to small businesses related to COVID-19, and for other purposes.
134 Stat 146);
134 Stat.
146);
1909);
1182);
9053) is amended-- (1) in subsection (c)(1), in the matter preceding subparagraph (A)-- (A) by inserting ``or the Administrator of the Small Business Administration (referred to in this section as the `Administrator')'' after ``the Secretary of the Treasury'';
9053) is amended-- (1) in subsection (c)(1), in the matter preceding subparagraph (A)-- (A) by inserting ``or the Administrator of the Small Business Administration (referred to in this section subsection as the `Administrator')'' after ``the Secretary of the Treasury'';
(2) in subsection (h), by striking ``the date 5 years after March 27, 2020'' and inserting ``September 30, 2030'';
(2) in subsection (h), by striking ``the date 5 years after March 27, 2020 the enactment of this Act'' and inserting ``September 30, 2030'';
``(k) Coordination and Provision of Information.-- ``(1) Coordination.--In carrying out the duties, responsibilities, and authorities of the Special Inspector General under this section, the Special Inspector General shall coordinate with, and receive the cooperation of, the Administrator and the Inspector General of the Small Business Administration.
``(k) Coordination and Provision of Information.-- ``(1) Coordination.--In carrying out the duties, responsibilities, and authorities of the Special Inspector General under this section, the Special Inspector General shall coordinate with, and receive the cooperation of, the Administrator of the Small Business Administration and the Inspector General of the Small Business Administration.
``(2) Information.--The Administrator shall provide data and information related to covered programs to the Special Inspector General in the same manner as the Administrator provides that data and information to the Inspector General of the Small Business Administration.
``(2) Information.--The Administrator of the Small Business Administration shall provide data and information related to covered programs to the Special Inspector General in the same manner as the Administrator provides that data and information to the Inspector General of the Small Business Administration.
``(g) Fraud Enforcement Harmonization.--Notwithstanding any other provision of law, any criminal charge or civil enforcement action alleging that a business, State, or municipality engaged in fraud or similarly related crime with respect to any grant made under this section shall be filed not later than 10 years after the offense was committed.''.
``(g) Fraud Enforcement Harmonization.--Notwithstanding any other provision of law, any criminal charge or civil enforcement action alleging that a business, State, or municipality an eligible person or entity engaged in fraud or similarly related crime with respect to any grant made under this section shall be filed not later than 10 years after the offense was committed.''.
``(d) Fraud Enforcement Harmonization.--Notwithstanding any other provision of law, any criminal charge or civil enforcement action alleging that a business, State, or municipality engaged in fraud or similarly related crime with respect to any grant made under this section shall be filed not later than 10 years after the offense was committed.''.
``(d) Fraud Enforcement Harmonization.--Notwithstanding any other provision of law, any criminal charge or civil enforcement action alleging that a business, State, or municipality an eligible entity engaged in fraud or similarly related crime with respect to any grant made under this section shall be filed not later than 10 years after the offense was committed.''.
(a) Requirement.--Not later than 90 days after the date of enactment of this Act, and every month thereafter, the Attorney General shall submit to Congress a report on activities related to covered programs, which shall include-- (1) a summary of the information contained in the report, specifically the total number of prosecutions, the total dollar amount recovered by prosecutions, the total number of referrals and source of such referrals, and the total number of declined cases and reasons for declining;
(a) Requirement.--Not later than 90 days after the date of enactment of this Act, and every month thereafter, the Attorney General shall submit to Congress a report on activities of the Department of Justice related to covered programs, which shall include-- (1) a summary of the information contained in the report, specifically the total number of prosecutions, the total dollar amount recovered by prosecutions, the total number of referrals and source of such referrals, and the total number of declined cases and reasons for declining;
(2) with respect to each covered program-- (A) the number and disposition of each prosecution;
(2) with respect to each covered program-- (A) the number of prosecutions and disposition of each prosecution;
and (ii) from sources other than the Department of Justice, such as other inspectors general;
and (ii) from sources other than the Department of Justice, such as other inspectors general of other agencies;
<all>
SEC.
8.
FRAUD RECOVERY COLLECTIONS.
Any collection of amounts that were obtained through a covered program as a result of fraud shall be applied solely towards reduction of the Federal debt.
Calendar No.
8 119th CONGRESS 1st Session S.
68 _______________________________________________________________________ A BILL To prohibit the suspension of collections on loans made to small businesses related to COVID-19, and for other purposes.
_______________________________________________________________________ February 10, 2025 Reported with amendments
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How this bill changes current law

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Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill prohibits the suspension of collections on COVID-19 related loans made to small businesses.

  • 15 U.S.C. 636

    The Administrator shall refer to the Department of the Treasury any claim for collection related to a covered loan under $100,000.

    This addition mandates that small business loan collections be referred to the Department of Treasury instead of allowing for suspension.

  • 15 U.S.C. 636

    The Department of the Treasury shall render a final decision as to suspend, end, or make collection on a claim referred to the Department of the Treasury by the Administrator under subsection (a).

    This change establishes the Treasury's role in determining the action taken on referred claims.

  • 15 U.S.C. 636

    The Administrator shall brief the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives on the progress of the Administrator in pursuing the collection of claims related to covered loans.

    This requires regular reporting to Congress on the collection efforts related to covered loans.

  • 15 U.S.C. 636

    The Administrator shall testify annually before the Committee on Small Business and Entrepreneurship regarding collections of claims related to covered loans.

    This mandates annual testimony from the Administrator related to loan collections, ensuring accountability.

  • 15 U.S.C. 9009

    Any collection of amounts that were obtained through a covered program as a result of fraud shall be applied solely towards reduction of the Federal debt.

    This ensures that fraudulently obtained funds from COVID-19 relief programs are used to reduce federal debt.

Action History

  1. Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with amendments. Without written report.

  2. Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with amendments. Without written report.

  3. Placed on Senate Legislative Calendar under General Orders. Calendar No. 8.

  4. Committee on Small Business and Entrepreneurship. Ordered to be reported with amendments favorably.

  5. Introduced in Senate

  6. Read twice and referred to the Committee on Small Business and Entrepreneurship.

Sponsors

Sponsorship breakdown

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1 sponsors · 6 co-sponsors · 540 not signed on

Sponsors (1)

Co-sponsors (6)

Not signed on (540)

540 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

public-safety finance healthcare
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Frequently asked questions

Who sponsors S 68?
S 68 is sponsored by Ernst, Joni (Republican), Young, Todd (Republican), Blackburn, Marsha (Republican), Lankford, James (Republican), Curtis, John R. (Republican), Schmitt, Eric (Republican), and Hawley, Josh (Republican).
What is the current status of S 68?
This bill is in committee in the Senate. Introduced January 09, 2025. It must pass committee before a floor vote.
Where can I track S 68?
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