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![handle is hein.congrecreports/crptxafpj0001 and id is 1 raw text is: AUTHENTICATED
U.GOVERNMENT
INFORMATION .
118TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 118-182
TO REQUIRE THE INSPECTOR GENERAL OF THE SMALL BUSINESS ADMIN-
ISTRATION TO SUBMIT A QUARTERLY REPORT ON FRAUD RELATING TO
CERTAIN COVID-19 LOANS
SEPTEMBER 1, 2023.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. WILLIAMS of Texas, from the Committee on Small Business,
submitted the following
R E P O R T
[To accompany H.R. 4666]
The Committee on Small Business, to whom was referred the bill
(H.R. 4666) to require the Inspector General of the Small Business
Administration to submit a quarterly report on fraud relating to
certain COVID-19 loans, having considered the same, reports fa-
vorably thereon without amendment and recommends that the bill
do pass.
CONTENTS
Page
I. Purpose and Bill Sum m ary ......................................................................... 1
II. Need for Legislation ...................................................................................... 2
III. Hearings ......................................................................................................... 2
IV. Committee Consideration .............................................................................. 2
V . Com m ittee V otes .......................................................................................... 2
VI. Section-by-Section of H .R. 4666 .................................................................... 5
VII. Congressional Budget Office Cost Estimate ............................................... 5
VIII. New Budget Authority, Entitlement Authority, and Tax Expenditures 5
IX. Oversight Findings and Recommendations ................................................. 5
X. Performance Goals and Objectives ............................................................. 5
XI. Statement of Duplication of Federal Programs ........................................... 6
XII. Congressional Earmarks, Limited Tax Benefits, and Limited Tariff Ben-
efits ............................................................................................................ 6
XIII. Federal M andates Statem ent ..................................................................... 6
XIV. Federal Advisory Committee Statement ...................................................... 6
XV. Applicability to Legislative Branch .............................................................. 6
XVI. Statement of Constitutional Authority ....................................................... 6
I. PURPOSE AND BILL SUMMARY
H.R. 4666 was introduced by Rep. Aaron Bean (R-FL) and Rep.
Kweisi Mfume (D-MD) on July 17, 2023. The purpose of H.R. 4666
is to require the Inspector General of the Small Business Adminis-
tration to submit a quarterly report to Congress for two years
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