HOUSE APPROVES BIPARTISAN WAYS & MEANS LEGISLATION TO RECOVER NEARLY $1 BILLION IN PANDEMIC-ERA TAXPAYER DOLLARS FROZEN DUE TO FRAUD

WASHINGTON, June 29 -- The House Ways & Means Committee Chairman issued the following news release:

WASHINGTON, D.C. - Hundreds of millions of dollars in unspent COVID-era unemployment insurance (UI) funds will be returned to taxpayers thanks to bipartisan legislation approved by the U.S. House of Representatives. The Recover COVID Unemployment Fraud in Banks Act (H.R. 8873), introduced by Ways and Means Committee members Representatives Beth Van Duyne (TX-24) and Tom Suozzi (NY-03), improves coordination between the federal government and state partners to chart a course for retrieving the nearly $1 billion in unspent COVID UI funds suspected of fraud that have been sitting frozen in local financial institutions for years. The legislation...