Complete COVID Collections Act

This bill focuses on collecting unpaid COVID‑era small‑business loans and cracking down on fraud. It would block broad pauses by the Small Business Administration (SBA) on collecting these loans. For claims under $100,000, the SBA must send the case to the U.S. Treasury. Treasury would then decide whether to pause, end, or move forward with collection. The bill also keeps pandemic watchdogs in place and requires the SBA to share data to support oversight.

Prosecutors would have up to 10 years to bring fraud cases tied to certain COVID relief programs, including emergency CARES Act lending and the shuttered venue and restaurant revitalization grants. The Justice Department must report monthly on cases, money recovered, referrals, and declines, and a public website must show near real‑time data on funds recovered. Any fraud money recovered would go only toward reducing the federal debt.

• Who is affected: Small businesses with COVID‑related SBA loans; people tied to fraud in those loans or certain grants; federal watchdogs and prosecutors.
• What changes: SBA must send sub‑$100,000 claims to Treasury for a decision on pausing, ending, or collecting; fraud cases can be brought up to 10 years after the offense; DOJ must issue monthly fraud reports; a public site will show recoveries; recovered fraud money reduces federal debt.
• When: DOJ’s first report is due 90 days after the bill becomes law, then monthly; the public recovery dashboard is due within 60 days of enactment.