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Introduced on January 31, 2025 by Michael A. Rulli
This bill stops the Small Business Administration (SBA) from taking money out of a person’s Social Security checks if their identity was stolen and used to get certain SBA loans. The SBA can only garnish benefits if it decides the person is not actually a victim. The SBA must also update its rules and notices to explain how to report identity theft, including posting clear instructions online and in letters sent before any garnishment.
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