1. Short title This Act may be cited as the Transparency and Oversight of COVID–19 Small Business Assistance Act . 2. Findings and purpose (a) Findings Congress finds that— (1) on January 21, 2020, the first case of COVID–19 was confirmed in the United States; (2) more than 1,031,659 people in the United States have since tested positive and 60,057 people in the United States have died from complications related to COVID–19; (3) nearly a quarter of the 30,700,000 small business concerns in the United States are at risk of permanent closure over the coming months; (4) on March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act ( Public Law 116–136 ), also known as the CARES Act, was signed into law to provide relief to owners of small business concerns that need support for ongoing operations during this unprecedented public health and economic crisis; (5) the CARES Act ( Public Law 116–136 ) included $377,000,000,000 to establish the paycheck protection program under section 7(a)(36) of the Small Business Act ( 15 U.S.C. 636(a)(36) ), the emergency economic injury disaster loan grant program under section 1110 of the CARES Act ( Public Law 116–136 ), and the debt relief program under section 1112 of such Act; (6) on April 24, 2020, the Paycheck Protection Program and Health Care Enhancement Act ( Public Law 116–139 ) was enacted to replenish funding for those small business programs along with important policy reforms to expand access to assistance from the Administration to more unbanked and underserved businesses