The Complete COVID Collections Act aims to ensure the collection of COVID-19 related loans and funds from small businesses and other entities.
The Complete COVID Collections Act mandates the Small Business Administration to refer claims for collection of COVID-19 related loans under $100,000 to the Department of the Treasury. The Treasury then decides whether to suspend, end, or proceed with the collection. The Act also requires the Administrator to brief Congress monthly on the progress of these collections and to testify annually on related matters. Additionally, it extends the role of the Special Inspector General for Pandemic Recovery and mandates monthly reports from the Attorney General on fraud related to COVID-19 programs.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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