Sec. 4. Reports
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Not later than 90 days after the date of enactment of this Act, the Administrator shall submit to Congress a report on the specific steps that the Administration has taken to meet the recommendations provided by the Inspector General of the Administration in the report issued on May 6, 2021, entitled SBA’s Handling of Identity Theft in the COVID–19 Economic Injury Disaster Loan Program , which shall include a description of— the system that the Administration has developed to maintain and track all identity theft complaints related to covered assistance; how the Administration is providing guidance, assistance, and status updates to complainants that allege their identity has been stolen; how the Administration is restoring identity theft victims to their condition prior to fraud, including details on how the Administration will file collateral releases and specify if the Administration or the complainant is paying for costs to file Uniform Commercial Code lien release documents; the process of the Administration for removing fraudulent covered assistance, and related Uniform Commercial Code filing fees, from the financial records of the Administration, including how— the system described in paragraph (1)— will charge off and remove partially or fully disbursed covered assistance from the financial records; and addresses charge off or removal of related Uniform Commercial Code filing fees; and the Administration is differentiating between— routine defaults in covered assistance that— have been or will be charged off; and are required to be submitted to the Department of the Treasury for collection; and identity theft-related covered assistance that the Administration is required to charge off without being sent to the Department of the Treasury for collection; the process of the Administration for tracking the recovery of funds from fraudsters to offset the outstanding identity theft-related covered assistance before any charge off action; and actions the Administration has taken to recover improper payments related to identity theft-related covered assistance and how the Administration is taking steps to be in compliance.
The Administrator shall submit to Congress— a monthly report that, in order to identify individual allegations of identity theft that have not been refiled, reconciles— applications submitted during the period beginning on March 1, 2020, and ending on January 31, 2021, for covered assistance based on identity theft allegations; and applications based on refiled allegations of identity theft relating to the covered assistance described in subparagraph (A); and not later than 180 days after the date on which the first report under paragraph
(1)is submitted, a detailed plan on how the Administration will attempt, or has attempted, to contact the remaining individuals whose identity theft allegations have not been refiled.