Preventing Regulatory Penalties for PPP Lenders Act

Fact Sheet API

Bill Number

HR 8675

Introduced

Oct 23, 2020

Latest Action

Referred to the House Committee on Financial Services.

Sponsor

Cosponsors

Topics

Administrative remedies Bank accounts, deposits, capital Business expenses Cardiovascular and respiratory health Emergency medical services and trauma care Finance and Financial Sector Government lending and loan guarantees Infectious and parasitic diseases Small business Wages and earnings

Full Text

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Votes

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.

Actions

Oct 23, 2020

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

Introduced in House

Amendments

Related Bills