H.R. 4667 · 118th Congress · House

RECLAIM Taxpayer Funds Act

In Congress· Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Introduced
Jul 17, 23
Passed House
Nov 30, 23
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

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.

Previous Versions

07Sep 1, 2023

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.

00Jul 17, 2023

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.

Action Timeline

17
  1. DEC 04, 2023•IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

  2. NOV 30, 2023•Floor

    Considered as unfinished business

    (consideration: CR H6029)

  3. NOV 30, 2023•Floor

    Passed/agreed to in House

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: 11/28/2023 CR H5911)

  4. NOV 30, 2023•Floor

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: 11/28/2023 CR H5911)

  5. NOV 30, 2023•Floor

    Motion to reconsider laid on the table Agreed to without objection.

  6. NOV 28, 2023•Floor

    Mr

    Williams (TX) moved to suspend the rules and pass the bill, as amended.

  7. NOV 28, 2023•Floor

    Considered under suspension of the rules

    (consideration: CR H5911-5913)

    5911Yea
    5913Nay
    0NV
  8. NOV 28, 2023•Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 4667.

  9. NOV 28, 2023•Floor

    At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Williams (TX) objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was considered as withdrawn.

  10. SEP 01, 2023•Committee

    Reported by the Committee on Small Business. H. Rept. 118-184.

    118Yea
    184Nay
    0NV
  11. SEP 01, 2023•Committee

    Reported by the Committee on Small Business. H. Rept. 118-184.

    118Yea
    184Nay
    0NV
  12. SEP 01, 2023•Calendars

    Placed on the Union Calendar, Calendar No. 147.

  13. JUL 18, 2023•Committee

    Committee Consideration and Mark-up Session Held

  14. JUL 18, 2023•Committee

    Ordered to be Reported by the Yeas and Nays: 26 - 0.

    26Yea
    0Nay
    0NV
  15. JUL 17, 2023•IntroReferral

    Introduced in House

  16. JUL 17, 2023•IntroReferral

    Introduced in House

  17. JUL 17, 2023•IntroReferral

    Referred to the House Committee on Small Business.

Committees

4

Small Business and Entrepreneurship Committee

sssb00

Referred: Dec 4, 2023

Active

Small Business Committee

hssm00

Referred: Sep 1, 2023

Active

Small Business Committee

hssm00

Referred: Jul 18, 2023

Active

Small Business Committee

hssm00

Referred: Jul 17, 2023

Active