HR 8675 · 116th Congress 2019–2021, ended

Preventing Regulatory Penalties for PPP Lenders Act

Introduced Oct 23, 2020 Originated House Sponsor Barry Loudermilk R-GA

Fact sheet

Latest action · Oct 23, 2020 Referred to the House Committee on Financial Services.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

IntroducedOct 23, 2020
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Preventing Regulatory Penalties for PPP Lenders Act

This bill prohibits federal banking agencies from including Paycheck Protection Program loans as assets when calculating capital ratios, deposit insurance premiums, and other asset thresholds for certain small financial institutions.

Cosponsors 16

Members who signed on, in the order they did. Signatures ran from Oct 23, 2020 to Nov 19, 2020, with 10 there on the day it was introduced.

Seat	Cosponsor		Signed on
R-TN	David Kustoff	Original	Oct 23, 2020
D-GA	David Scott	Original	Oct 23, 2020
R-VA	Denver Riggleman	Original	Oct 23, 2020
R-OK	Frank D. Lucas	Original	Oct 23, 2020
R-TN	John W. Rose	Original	Oct 23, 2020
R-TX	Roger Williams	Original	Oct 23, 2020
R-OH	Steve Stivers	Original	Oct 23, 2020
R-NC	Ted Budd	Original	Oct 23, 2020
R-IN	Trey Hollingsworth	Original	Oct 23, 2020
R-TX	Van Taylor	Original	Oct 23, 2020
R-MO	Blaine Luetkemeyer		Nov 2, 2020
R-PA	Brian K. Fitzpatrick		Nov 12, 2020
R-WV	Alexander X. Mooney		Nov 16, 2020
R-FL	Bill Posey		Nov 16, 2020
R-GA	A. Drew Ferguson IV		Nov 17, 2020

Show all 16 cosponsors

Actions 2

Everything that happened, newest first.

Oct 23, 2020Introduced in House
Oct 23, 2020Referred to the House Committee on Financial Services.

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 1

Each version as it was printed, newest first.

Oct 23, 2020Introduced in House

Support LegiList

This page is free, carries no paywall, and is built and maintained by one person. If the record here is useful to you, a few dollars keeps it going.

$1 $5 $10

Processed by Stripe in a separate window. LegiList never sees card details.

Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.