Bills · HR 7412
REPORTED· 119TH CONGRESS
House BillHR 7412Civil actions and liabilityFraud offenses and financial crimes
Put America on Commission Act of 2026
INTRO FEB 5· LAST ACTION FEB 20
READING
14MIN
COSPONSORS
1
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Reported, not passed
LEGISLATIVE PROGRESS
STEP 3 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it creates a direct financial incentive for individuals to report fraud related to the massive amounts of money distributed during the COVID-19 pandemic. Many government relief programs, including those for small businesses, were susceptible to fraud due to the speed and scale of their rollout. If this bill becomes law, it could significantly increase the number of reported fraud cases, potentially leading to the recovery of billions of dollars in taxpayer money that was misused.
Without this law, while whistleblowers can still report fraud, there isn't a specific, dedicated mechanism within the Small Business Act for them to receive a financial reward specifically for information related to these particular loan programs. This bill aims to make it more appealing and easier for people with insider knowledge to come forward, thereby enhancing the government's ability to detect and prosecute fraud and return stolen funds to the public.
KEY PROVISIONS
5AI-extractedPROVISION 01
Establishes an Office of Whistleblower Awards within the Office of Performance, Planning, and the Chief Financial Officer of the Small Business Administration.
Creates a dedicated government entity to manage whistleblower reports and awards concerning SBA financial assistance.
PROVISION 02
Authorizes financial awards to whistleblowers who provide original information leading to convictions or settlements for financial misconduct or fraudulent misrepresentation related to "COVID loan actions."
Provides a strong financial incentive for individuals to report specific types of fraud, aiming to recover misused government funds.
PROVISION 03
Sets award amounts at 10% of recovered funds for cases involving U.S. nationals or entities, and 15% for foreign nationals or entities.
Clearly defines the financial reward structure, distinguishing between domestic and international fraud recovery cases.
PROVISION 04
Allows for reduction or denial of awards if the whistleblower was involved in planning or initiating the fraudulent activity, or is criminally convicted for it.
Prevents individuals complicit in fraud from profiting from their own wrongdoing by reporting it.
PROVISION 05
Specifies that only the whistleblower making the "most substantial contribution" receives an award if multiple whistleblowers provide information about the same COVID loan action.
Establishes a process for handling overlapping information and ensuring awards go to the most impactful contributors.
SPONSORSHIP
1 + 1
R· Texas
YRS IN OFFICE
13
BILLS LED
40
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 1 REP 0 IND 0
ACTION TIMELINE
6 EVENTSFEB 20
Reported by the Committee on Small Business. H. Rept. 119-499.
FEB 20
Placed on the Union Calendar, Calendar No. 425.
FEB 11
Committee Consideration and Mark-up Session Held
FEB 11
Ordered to be Reported by the Yeas and Nays: 24 - 0.
BILL INFO
TypeHouse Bill
NumberHR 7412
Congress119th
StatusReported
IntroducedFeb 5, 2026
Last actionFeb 20, 2026
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REPORTED· 119TH CONGRESS · SMALL BUSINESS COMMITTEE · INTRODUCED FEB 5, 2026
House BillHR 7412Civil actions and liabilityFraud offenses and financial crimes
Put America on Commission Act of 2026
INTRODUCED FEB 5, 2026· LAST ACTION FEB 20, 2026
PASSAGE CHANCES
—%
READING
14 min
COSPONSORS
1
COMPLEXITY
Moderate
