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H.R. 8873: Recover COVID Unemployment Fraud in Banks Act

119th Congress · introduced 2026-05-19 · Finance and Financial Sector · Latest: Received in the Senate and Read twice and referred to the Committee on Finance.

federal

What does this mean?

Official title

Recover COVID Unemployment Fraud in Banks Act

Plain summary

Recover COVID Unemployment Fraud in Banks Act This bill extends to 10 years the statute of limitations for federal criminal charges or civil enforcement actions for fraud related to several unemployment insurance programs that were established during the COVID-19 pandemic. The bill also establishes a task force to locate fraudulent payments and develop strategies to recover such payments. The extension applies to Pandemic Unemployment Assistance, Federal Pandemic Unemployment Compensation, Mixed Earners Unemployment Compensation, and Pandemic Emergency Unemployment Compensation. The bill extends the statute of limitations for (1) criminal charges related to fraud, including aggravated identity theft, wire fraud, and conspiracy to commit fraud (currently subject to a 5-year statute of limitations); and (2) civil actions involving false claims (currently subject to a 6-year statute of limitations). However, the bill does not apply to a criminal prosecution or civil enforcement action if the applicable statute of limitations expired before the date of the bill's enactment. The task force established by this bill must coordinate with state agencies to identify federal pandemic unemployment compensation payments held by financial institutions and other entities or held by state agencies responsible for unclaimed property, coordinate with federal agencies to develop model processes that result in the cost-effective recovery of such payments, issue guidance to financial institutions on legal pathways for returning such payments, and issue guidance to state unclaimed property agencies on their obligation to review and return such payments.

Congressional Research Service summary (Reported to House), quoted unchanged (nonpartisan). Read the source.

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What does this mean? (plain words)

Official text

Recover COVID Unemployment Fraud in Banks Act

Source: Congressional Research Service summary (Reported to House)

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Officials and money

Sponsor: Rep. Van Duyne, Beth [R-TX-24] · 2 cosponsors

Money: CBO cost estimate: H.R. 8873, Recover COVID Unemployment Fraud in Banks Act (2026-06-25) No linked contracts or vendors yet.

Words on this page, explained (2)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Statute
A written law passed by a legislature. A statute can be changed by a later law; changing a constitution needs an amendment.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong119-hr8873 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills