HR 4667 · 118th Congress · Commerce
RECLAIM Taxpayer Funds Act
Bill Progress
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Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.(2023-12-04)
Plain Language Summary
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Returning Erroneous COVID Loans Addressing Illegal and Misappropriated Taxpayer Funds Act or the RECLAIM Taxpayer Funds Act This bill requires the Small Business Administration (SBA) to issue guidance for borrowers and lenders about returning any unused Paycheck Protection Program (PPP) loan amounts made to the borrower. The SBA must track the amounts of PPP loans returned to mitigate the risk of financial loss. The guidance must be issued not later than 30 days after the bill is enacted.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 4667, RECLAIM Taxpayer Funds Act
Sep 28, 2023As reported by the House Committee on Small Business on September 1, 2023
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office