Latest action: Read twice and referred to the Committee on Finance.
Referred to one or more standing committees for review, hearings, and possible markup.
Specific committees not parsed from action data.
The committee may hold hearings, amend the bill, or let it die without action.
Next: Reported
Full chamber floor — Speaker / Majority Leader controls scheduling
Bill to recover fraudulent pandemic unemployment benefits that were deposited into bank accounts.
The problem
During COVID-19, many people fraudulently obtained unemployment benefits. Some of this money was deposited into banks. The government needs to recover these stolen funds from financial institutions.
The proposal
Authorizes the federal government to identify and recover fraudulently obtained COVID unemployment benefits held in banks. Banks must cooperate in locating and returning these funds to the government.
The impact
Banks must help find fraudulent pandemic unemployment money. Individuals with fraudulent deposits may have accounts frozen. Taxpayers could recover lost money. Unemployment fraud victims may be reimbursed.
Helps the government recover billions lost to fraud. Returns stolen public funds that came from all taxpayers. Reduces the burden on honest Americans who paid into unemployment insurance.
Forces financial institutions to help identify suspicious transactions. Banks have records and tools to spot fraud. Creates responsibility for banks to prevent money laundering.
Shows consequences for pandemic unemployment fraud. Makes it harder to keep or use stolen benefits. Discourages people from committing similar crimes.
Banks can quickly freeze and return funds. Speeds up the recovery process compared to individual investigations. Gets money back to government quickly.
Requires banks to search their records for fraudulent deposits. Banks may need to hire staff or spend money on compliance. Could slow down regular banking services.
Banks might freeze accounts by mistake while searching for fraud. Innocent people could lose access to their own money. Could cause financial hardship for people waiting for unfrozen accounts.
Bill does not explain how banks will identify fraudulent deposits. Unclear rules could lead to unfair treatment. Banks might freeze accounts based on guesses rather than facts.
Requires banks to share detailed account information with government. Could affect privacy of people whose accounts are reviewed. May set precedent for future government access to banking records.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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