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BillHR 8873 · 119

Recover COVID Unemployment Fraud in Banks Act

Introduced
May 19, 2026
Cosponsors
2
Traction
0
Last Action
May 29, 2026

Bill Summary

Requires banks to help recover funds lost to COVID unemployment fraud. Funds would be returned to the government or used to support people affected by the fraud.

Sponsored By

Beth Van Duyne
Republican · Texas · House
Scheduled on the House floor · Mon, Jun 29

Bill Journey

  1. May 19, 2026
  4. Jun 29, 2026You Are Here

    The full chamber debates the bill, may amend it, and votes on whether to pass it.

  5. TBD

    If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.

  6. TBD

    If passed by both chambers, the bill goes to the President to sign into law or veto.

Why It Matters

This bill affects individuals who received fraudulent COVID unemployment payments and the banks that hold those funds, as they would be required to return the money. It also impacts the government, which would recover the lost funds to potentially support people who were affected by the fraud.

Impact Areas

Sample
Addresses Supply
Targets an underlying shortage driving costs.
Supports Families
Aimed at easing pressure on working households.
Long-term Impact
Effects compound across multiple budget cycles.
Expands Access
Lowers barriers for first-time participants.

Support & Opposition

Sponsor & cosponsor support by party
1backer
  • Republican1
Cross-party cosponsors0 · 0%

Documents

1

Full text opens on congress.gov, the official source.

Bill Details

Bill TypeHouse Bill · Federal
Primary TopicMoney & Economy
CommitteeHouse Committee (sample)Sample
IntroducedMay 19, 2026
Last UpdatedMay 29, 2026
Latest ActionPlaced on the Union Calendar, Calendar No. 585.
Subjects
  • Economy

Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.