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U.GOVERNMENT
INFORMATION .
118TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 118-184
RETURNING ERRONEOUS COVID LOANS ADDRESSING
ILLEGAL AND MISAPPROPRIATED TAXPAYER FUNDS ACT
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. 4667]
The Committee on Small Business, to whom was referred the bill
(H.R. 4667) to require the Administrator of the Small Business Ad-
ministration to issue guidance and rules for lenders and the Small
Business Administration on handling amounts of Paycheck Protec-
tion Loans returned by borrowers, and for other purposes, having
considered the same, reports favorably thereon without amendment
and recommends that the bill do pass.
CONTENTS
Page
I. Purpose and Bill Summary ........................................................................ 1
II. N eed for Legislation .................................................................................. 2
III. Hearings ....................................................................................................... 2
IV. Com m ittee Consideration ......................................................................... 2
V . Com m ittee V otes ....................................................................................... 2
VI. Section-by-Section of H.R. 4667 ................................................................. 5
VII. Congressional Budget Office Cost Estimate ............................................. 5
VIII. New Budget Authority, Entitlement Authority, and Tax Expenditures 5
IX. Oversight Findings and Recommendations ............................................ 6
X. Performance Goals and Objectives ........................................................... 6
XI. Statement of Duplication of Federal Programs ...................................... 6
XII. Congressional Earmarks, Limited Tax Benefits, and Limited Tariff
Benefits ..................................................................................................... 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 ...................................................... 7
I. PURPOSE AND BILL SUMMARY
H.R. 4667 was introduced by Rep. Maria Salazar (R-FL) and
Rep. Morgan McGarvey (D-KY) on July 17, 2023. The purpose of
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