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Why This Matters
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.
If you know about COVID loan fraud, you could earn money by reporting it.
Who this affects
whistleblowers · individuals involved in fraud · businesses involved in fraud
What changes is this bill making?
1This bill creates a new office to manage whistleblower awards related to COVID loan fraud.
2Whistleblowers can receive financial rewards for reporting fraud involving COVID loans.
3The amount of the award depends on whether the fraudster is a U.S. citizen or foreign national.
4The office will track how whistleblower information leads to convictions or settlements.
5Only the whistleblower who provides the most helpful information will receive the award.
