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Committee advances S.68, Complete COVID Collections Act, after multiple amendments; key reforms and some amendments remain unresolved
Summary
The Senate Small Business Committee voted to favorably report S.68, the Complete COVID Collections Act, as part of a package, after considering several amendments. Two amendments were rejected by roll call and at least one amendment remained under debate when the committee recessed for lack of quorum.
The Senate Committee on Small Business and Entrepreneurship moved S.68, the Complete COVID Collections Act, forward to the full Senate as part of a manager's package (reported as "S.68 as amended") after a markup that included multiple amendments and roll-call votes.
Nut graf: S.68 would change how certain pandemic-related loan collections and oversight are handled, including provisions about referrals to Treasury and the authorization of the Special Inspector General for Pandemic Recovery. Committee debate focused on who should handle collections for smaller loans, how to prioritize fraud enforcement and the proper oversight structure for pandemic…
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