House Passes Measures to Address COVID-19 Fraud, Biden IRS Rule

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Both the bill and resolution now head to the Senate.

The House passed a bill on March 11 to extend the statute of limitations when it comes to prosecuting unemployment fraud stemming from the COVID-19 pandemic.

The vote tally was 295โ€“127. Eighty-three Democrats joined all 212 Republicans in voting for the measure.

The bill, introduced by House Ways and Means Committee Chairman Jason Smith (R-Mo.), would allow for those who commit fraud under the CARES Act to be prosecuted within 10 years after the alleged offense.

The statute of limitations is currently five years.

โ€œFailure to extend this statute of limitations would mean that the thousands of criminals and international criminal organizations that perpetrated the greatest theft of American taxpayer dollars in history will never be brought to justice,โ€ said Smith in a Feb. 11 statement.

There was between $100 billion and $135 billion in unemployment benefits fraud during the pandemic, according to a September 2023 report from the Government Accountability Office.

One estimate puts this figure at $400 billion. Less than 4 percent, or $5 billion, of stolen COVID-19 relief funds have been recovered, according to the House Ways and Means Committee.

There are 1,648 investigations surrounding COVID-19 fraud that have not yet resulted in criminal charges, according to the committee.

โ€œGiven the volume of existing cases currently under investigation, there is no reason that Congress should not act to ensure law enforcement stays on this beat and goes after these criminals,โ€ said Smith.

โ€œTaking them off the streets will not only ensure justice is done but will also help prevent those same crime organizations from being free to defraud the American taxpayer once again.โ€

Additionally, the House passed on March 11 a resolution to repeal Biden-era regulations from the Internal Revenue Service.

The vote tally on the measure, introduced by Rep. Mike Carey (R-Ohio), was 292โ€“132 with one voting โ€œpresent.โ€ Seventy-six Democrats joined all 216 Republicans in voting for it.

Titled โ€œGross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales,โ€ the regulations were issued on Dec. 30, 2024, shortly before President Joe Biden left office, and took effect on Feb. 25, just over a month after President Donald Trump was sworn in.

Byย Jackson Richman

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