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PPP Accountability Act

Introduced: June 4, 2020 Introduced by: Davids, Sharice Democratic · Kansas See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 4, 2020
Referred to the House Committee on Small Business.
Jun 4, 2020
Introduced in House
 Plain-English summary Congressional Research Service

PPP Accountability Act

This bill requires the Small Business Administration (SBA) to publish on its website certain information regarding any loan of $1 million or greater made under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019).

Such information shall include the identity of a paycheck protection loan recipient, the identity of the lender, and the amount of the paycheck protection loan. With respect to each application for loan forgiveness under the program, the SBA must publish (1) the amount of such forgiveness and the date of approval, and (2) the number of employees who received a paycheck and the duration of such receipt.

The SBA must also report to Congress an overview of actions taken to carry out the program and a detailed financial statement including the number, amount, balances, and forgiveness status of each paycheck protection loan.

What's happening now June 4, 2020

Referred to the House Committee on Small Business.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1