Paycheck Protection Program Transparency Act of 2020

Bill Number

HR 6874

Introduced

May 14, 2020

Latest Action

Referred to the Committee on Small Business, and in addition to the Committees on Financial Services, and Ways and Means ...

Sponsor

Cosponsors

Topics

Business expenses Business records Cardiovascular and respiratory health Commerce Congressional oversight Corporate finance and management Credit and credit markets Department of the Treasury Emergency medical services and trauma care Executive agency funding and structure Federal officials Government information and archives Government lending and loan guarantees Infectious and parasitic diseases Minority and disadvantaged businesses Small business Small Business Administration Tax administration and collection, taxpayers Veterans' education, employment, rehabilitation Veterans' loans, housing, homeless programs Wages and earnings Women in business

Full Text

View Full Bill Text

Votes

Summary

Paycheck Protection Program Transparency Act of 2020

This bill requires the Small Business Administration (SBA) to disclose and report certain information related to the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019).

Specifically, the SBA must establish a website that includes specified information including (1) the name, location, and number of employees of each paycheck protection loan recipient; and (2) the number of loans disbursed and total fees collected by each paycheck protection lender. Additionally, the SBA must report to Congress on the status of paycheck protection loans.

Actions

May 14, 2020

Referred to the Committee on Small Business, and in addition to the Committees on Financial Services, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
May 14, 2020

Introduced in House

Amendments

Related Bills