releases: https://downing.house.gov/media/press-releases/downing-bill-crack-down-covid-loan-fraud-passes-house
Data license: MIT · Data source: dwillis/congress-press
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| url | title | date | year | month | party | chamber | state | member_name | bioguide_id | domain | scraper | source | date_source | text | has_text | collected_at | updated_at |
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| https://downing.house.gov/media/press-releases/downing-bill-crack-down-covid-loan-fraud-passes-house | Downing Bill to Crack Down on COVID Loan Fraud Passes House | 2025-12-01 | 2025 | 2025-12 | Republican | House | MT | Troy Downing | D000634 | downing.house.gov | downing | https://downing.house.gov/media/press-releases | scraper | Today, Congressman Troy Downing’s (MT-02) H.R. 4495, the SBA Fraud Enforcement Extension Act, passed the House of Representatives by voice vote. This is Downing’s third bill to be reported favorably out of the House of Representatives, a critical step toward H.R. 4495 becoming law. Read original reporting from Western Montana News on the SBA Fraud Enforcement Extension Act here. “Throughout the COVID-19 pandemic, billions of taxpayer dollars were siphoned off through fraudulent loans and grants,” said Congressman Downing. “This legislation gives law enforcement the tools they need to pursue those who exploited emergency relief programs, strengthens the integrity of the SBA, and protects hardworking Americans’ tax dollars. I’m proud to see this bill pass the House with bipartisan support, and I remain committed to ensuring that those who abused these funds are brought to justice.” Image Click here or on the image above to watch Congressman Downing’s remarks in support of H.R. 4495 on the House floor. Background: The SBA Office of the Inspector General estimates that approximately $200 billion in illegitimate funds have been distributed by SBA COVID Programs. Two of these SBA COVID-era programs, the Restaurant Revitalization Fund and the Shuttered Venue Operators Grant, targeted financial assistance toward businesses that rely on confined gathering places and were thus disproportionately harmed by lockdown policies. While COVID-era SBA programs in many cases delivered much needed aid to small businesses, they were also exploited to an unacceptable degree by criminals seeking to defraud American taxpayers and secure illegitimate loans and grants. H.R. 4495 extends the statute of limitations for the enforcement of anti-fraud standards involving the Restaurant Revitalization Fund and the Shuttered Venue Program from 5 years to 10 years to allow prosecutors and law enforcement additional time to investigate and prosecute these crimes. ### | 1 | 2026-03-30T01:40:41Z | 2026-04-06T20:09:11Z |