COVID Fraud Transparency Act of 2026

This bill mandates that the Inspector General of the Small Business Administration (SBA) submit quarterly reports to the House and Senate Small Business Committees. These reports are designed to enhance transparency regarding fraud related to specific COVID-19 relief loans, with the first report due 60 days after the Act's enactment and subsequent reports every three months. Each required report must detail the number and total dollar amount of all covered loans , the count of new cases of fraud and suspected fraud , and the number of fraud cases resolved . It also requires information on the types of fraud cases identified. The term "covered loan" specifically includes certain loans made under sections 7(a) and 7(b) of the Small Business Act in response to COVID-19. This reporting requirement will terminate two years after the date of enactment, and no additional appropriations are authorized to carry out this Act.