H.R. 4210: Accountability Doesn’t Expire Act

This bill, known as the Accountability Doesn’t Expire Act, aims to modify certain provisions related to the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Specifically, the bill proposes two main changes:

1. Extension of the Pandemic Response Accountability Committee

The bill seeks to extend the operational duration of the Pandemic Response Accountability Committee. Originally set to expire in 2025, the new expiration date will be changed to 2030. This committee is responsible for overseeing the use of funds allocated during the pandemic, ensuring accountability and transparency in how those funds are spent.

2. Reporting on Paycheck Protection Program Loans

Additionally, the bill requires the Pandemic Response Accountability Committee to prepare and submit a report to Congress by September 30, 2030. This report will cover the impact of any extensions of the statute of limitations for loans made under the Paycheck Protection Program (PPP) and related legislation. This includes an analysis of how these extensions may affect the handling and oversight of these loans, particularly in relation to compliance and fraud prevention.

The bill is currently in the House of Representatives and has been referred to the relevant committees for further consideration.

Relevant Companies

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