Paycheck Protection Program Transparency Act of 2020
Latest action · Aug 5, 2020 Read twice and referred to the Committee on Small Business and Entrepreneurship.
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.
- IntroducedAug 5, 2020
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
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 contains specified borrower information such as the name, location, and number of employees of each borrower of a paycheck protection loan. The SBA must establish a second website that contains specified lender information such as 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.
Cosponsors 7
Members who signed on, in the order they did. All signed on Aug 5, 2020.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MN | Amy Klobuchar | Original | Aug 5, 2020 |
| D-CA | Dianne Feinstein | Original | Aug 5, 2020 |
| D-OR | Jeff Merkley | Original | Aug 5, 2020 |
| D-NY | Kirsten E. Gillibrand | Original | Aug 5, 2020 |
| D-NM | Martin Heinrich | Original | Aug 5, 2020 |
| D-MN | Tina Smith | Original | Aug 5, 2020 |
| D-NM | Tom Udall | Original | Aug 5, 2020 |
Actions 2
Everything that happened, newest first.
- Aug 5, 2020Introduced in Senate
- Aug 5, 2020Read twice and referred to the Committee on Small Business and Entrepreneurship.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 6874 | Paycheck Protection Program Transparency Act of 2020 | Related bill | May 14, 2020 |
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
- Banking and financial institutions regulation
- Business expenses
- Cardiovascular and respiratory health
- Commerce
- Congressional oversight
- Emergency medical services and trauma care
- Government information and archives
- Government lending and loan guarantees
- Infectious and parasitic diseases
- Minority and disadvantaged businesses
- Small business
- Veterans' education, employment, rehabilitation
- Veterans' loans, housing, homeless programs
- Wages and earnings
- Women in business
Text 1
Each version as it was printed, newest first.
- Aug 5, 2020Introduced in Senate
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.