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Paycheck Protection Program Transparency Act of 2020

Introduced: May 14, 2020 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

May 14, 2020

Introduced in House

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.

Plain-English summary Congressional Research Service

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.

What's happening now May 14, 2020

Committees of jurisdiction 3