S 49
117th Congress
Senate
Finance and Financial Sector
Accounting and auditing
Banking and financial institutions regulation
Business expenses
Cardiovascular and respiratory health
Civil actions and liability
Consumer Financial Protection Bureau
Consumer credit
Emergency medical services and trauma care
Government lending and loan guarantees
Government studies and investigations
Infectious and parasitic diseases
Small business
User charges and fees
Wages and earnings
No CFPB in the PPP Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 26, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan 26, 2021
Introduced in Senate
Plain-English summary
No CFPB in the PPP Act
This bill prohibits the Consumer Financial Protection Bureau from exercising oversight authority over a lender regarding its participation in the Paycheck Protection Program. The Paycheck Protection Program was established in response to the COVID-19 (i.e., coronavirus disease 2019) pandemic and facilitates loans to small businesses.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1
Cosponsors
1