Whistleblower Awards for COVID Loan Fraud
Official: Put America on Commission Act of 2026
This bill sets up an office to give financial rewards to people who report fraud related to COVID loans. It encourages whistleblowers to come forward by offering them a share of any penalties collected from fraudsters.
1. This bill creates a new office to manage whistleblower awards related to COVID loan fraud. 2. Whistleblowers can receive financial rewards for reporting fraud involving COVID loans. 3. The amount of the award depends on whether the fraudster is a U.S. citizen or foreign national. 4. The office will track how whistleblower information leads to convictions or settlements. 5. Only the whistleblower who provides the most helpful information will receive the award.
This bill affects whistleblowers who report COVID loan fraud and the individuals or businesses involved in that fraud.