Recover COVID Unemployment Fraud in Banks Act

This bill would have the Secretary of Labor name a National Recovery Coordinator, who must form a federal task force within 30 days to find pandemic-era unemployment payments that were loaded on prepaid debit cards and are still held by banks or by state unclaimed property offices. The task force would issue guidance to states, banks, and unclaimed property offices on reviewing these funds, deciding which were improper payments, and returning them to state agencies and the federal government. The Secretary of Labor would repay states for their administrative costs of working with the task force. The bill would also allow criminal charges or civil actions for certain fraud crimes involving pandemic unemployment claims to be brought up to 10 years after the violation, except where the time limit had already run out before the bill became law.

Full text and official record on Congress.gov

Sponsors

• James Lankford Republican sponsor
• 0 cosponsors