Congress is out of session until Monday, November 9 for the midterm campaign. No new roll-call votes until then; the last were the House on Sep 16 and the Senate on Sep 30.

H.R. 4667 · 118th Congress · Commerce

RECLAIM Taxpayer Funds Act

Passed a chamber Introduced Jul 17, 2023 Latest action Dec 4, 2023

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What it does

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.

Summary by the Congressional Research Service, Nov 30, 2023 (Passed House). CRS summarizes bills impartially; it does not take positions.

Roll call votes

No recorded roll call votes on this bill. Most bills never get one; many pass by voice vote or unanimous consent, or stay in committee.

Latest action

Dec 4, 2023 · Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.