HR 7412
Advanced toward a vote
Establishes an Office of Whistleblower Awards within the Small Business Administration that pays rewards to people who report COVID loan fraud leading to convictions or settlements.
Official title: Put America on Commission Act of 2026
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced
05-FEB-2026
Referred
05-FEB-2026
Approved by committee
11-FEB-2026
Reported
20-FEB-2026
On the calendar
20-FEB-2026
- Creates the Office of Whistleblower Awards within the Small Business Administration, run by an employee in the competitive service
- Pays whistleblowers 10 percent of amounts collected when the person charged is a U.S. national or U.S.-based entity, and 15 percent when the person is a foreign national or foreign-based entity
- Imposes a civil monetary penalty of 30 percent of the principal amounts of the covered COVID loans
- Sets up a Whistleblower Award Fund in the Treasury and requires anti-retaliation protections for people who make disclosures
- Ends the office's authority once all timely filed COVID loan actions and any appeals are resolved
No CRS summary yet. CRS writes one for most bills, often months after they move.
CRS is the Library of Congress's nonpartisan research office. Check on congress.gov- Small Business Committee (House)
Commerce
■ 1 D
1 Democrat