Search Results: keywords:"fraud enforcement"

  • S. 68 — To prohibit the suspension of collections on loans made to small businesses related to COVID–19, and for other purposes.
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    Status:Reported to Senate
    Words:2,069

    The bill, known as the “Complete COVID Collections Act,” aims to prevent the suspension of collecting repayments on loans given to small businesses during COVID-19. It defines key terms related to loan programs and funding provided for COVID-19 relief, extends the authority of the Special...

    Simple Explanation

    The "Complete COVID Collections Act" is a plan that stops people from being able to pause their payments on loans given to small businesses during the COVID-19 pandemic, and it also wants to make sure that any money wrongly taken goes back to help pay off the country’s debt.

  • S. 68 — To prohibit the suspension of collections on loans made to small businesses related to COVID–19, and for other purposes.
    💰
    Status:Introduced in Senate
    Words:1,909

    The Complete COVID Collections Act seeks to prevent the halting of debt collections on small business loans that were issued in response to COVID-19. It extends the authority of the Special Inspector General for Pandemic Recovery to oversee and ensure accountability in...

    Simple Explanation

    The Complete COVID Collections Act is like a rulebook that says people must pay back the small business loans they took because of COVID-19, and there will be special helpers to make sure the money was used correctly and that everyone knows how we're getting back any misused money.