Senate Small Biz Chair Wants to Extend COVID Loan Recovery Period 

January 14, 2025

Bob Coleman
Founder & Publisher

SBA Hot Topic Tuesday — Senate Small Biz Chair Wants to Extend COVID Loan Recovery Period 

“Con artists took advantage of small businesses’ pain during COVID to defraud government programs designed to help hardworking Americans,” says the incoming Small Business Committee Chair Joni Ernst. “While we are $36 trillion in debt, we especially cannot afford to leave more than $200 billion floating around, especially in the hands of fraudsters.” 

The Complete COVID Collections Act, would extend authorization of the SIGPR through 2030 and expand its jurisdiction to cover other SBA COVID-related programs to empower it to go after fraudsters stealing from taxpayers.

“My Republican colleagues and I are making sure that all resources are available in this fight to get taxpayers’ money back and hold these criminals accountable.”