U.S. Congress legislation · 119th Congress
HB8873: Recover COVID Unemployment Fraud in Banks Act
Status: Passed one chamber, July 13, 2026
To recover unclaimed pandemic-era unemployment compensation funds held by financial institutions or escheated to State unclaimed property administrators, and for other purposes.
What the bill says
An act To recover unclaimed pandemic-era unemployment compensation funds held by financial institutions or escheated to State unclaimed property administrators, and for other purposes.
From the introduced text, July 13, 2026:
AN ACT To recover unclaimed pandemic-era unemployment compensation funds held by financial institutions or escheated to State unclaimed property administrators, and for other purposes. SECTION 1. Short title This Act may be cited as the Recover COVID Unemployment Fraud in Banks Act . SECTION 2. National recovery coordinator and task force (a) In general (1) Designation of national recovery coordinator The Secretary of Labor, in consultation with the Secretary of the Treasury, the Inspector General of the Department of Labor, and the Attorney General, shall designate an official to serve as National Recovery Coordinator to oversee and coordinate the activities and responsibilities of the task force described in paragraph (2). (2) Task force establishment Not later than 30 days after the date of enactment of this Act, the National Recovery Coordinator shall convene a task force to be named the Recover Pandemic Unemployment Funds in Banks Task Force (in this section, the Task Force ). (3) Members The Task Force shall include-- (A) the Attorney General, or their designee; (B) the Secretary of Labor, or their designee; (C) the Inspector General of the Department of Labor, or their designee; (D) the Secretary of the Treasury, or their designee; (E) the Chairman of the Federal Deposit Insurance Corporation, or their designee; and (F) the Director of the Consumer Financial Protection Bureau, …
Sponsors
- Elizabeth Van Duyne (R, HD-TX-24) · primary sponsor
- Thomas Suozzi (D, HD-003)
- Randy Feenstra (R, HD-004)
Latest actions
- : Received in the Senate and Read twice and referred to the Committee on Finance.
- : On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4269-4270)
- : Motion to reconsider laid on the table Agreed to without objection.
- : DEBATE - The House proceeded with forty minutes of debate on H.R. 8873.
- : Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4269-4270)
- : Mr. Smith (MO) moved to suspend the rules and pass the bill, as amended.
- : Considered under suspension of the rules. (consideration: CR H4269-4272)
- : Reported (Amended) by the Committee on Ways and Means. H. Rept. 119-671.
- : Placed on the Union Calendar, Calendar No. 585.
- : Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 41 - 0.
Subjects: Fraud offenses and financial crimes, Emergency medical services and trauma care, State and local government operations, Infectious and parasitic diseases, Intergovernmental relations, Finance and Financial Sector, Advisory bodies, Government studies and investigations
Common questions
- What is HB8873?
- HB8873 is a bill in Congress (119th Congress): Recover COVID Unemployment Fraud in Banks Act.
- What does HB8873 do?
- In its own words: An act To recover unclaimed pandemic-era unemployment compensation funds held by financial institutions or escheated to State unclaimed property administrators, and for other purposes.
- What is the status of HB8873?
- Passed one chamber as of July 13, 2026. Latest action: Received in the Senate and Read twice and referred to the Committee on Finance. (July 13, 2026).
- Who sponsored HB8873?
- Elizabeth Van Duyne (R, HD-TX-24), with 2 co-sponsors.
- Where is the official record for HB8873?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/8873
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.