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HR 1476 118th Congress House Commerce

PPP Shell Company Discovery Act

Introduced: March 24, 2023 Introduced by: Timmons, William R. Republican · South Carolina See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 8, 2023
Introduced in House
Mar 8, 2023
Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, 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.
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 Plain-English summary Congressional Research Service

PPP Shell Company Discovery Act

This bill requires the Internal Revenue Service (IRS) to compile a list of Paycheck Protection Program (PPP) loan recipients whose loans were forgiven under the program.

Additionally, the IRS must compile (1) a list of such loan recipients who did not withhold payroll taxes in 2019, and (2) a list of loan such recipients for which the aggregate amount of PPP loans exceeded four times the greatest amount of wages paid by the recipient during a calendar month in 2019.

The IRS must notify the Department of Justice when the lists are complete.

What's happening now March 8, 2023

Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Republican 2
R
Gooden, Lance
Texas · Mar 24, 2023
 R
Sessions, Pete
Texas · Mar 24, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1476: PPP Shell Company Discovery Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-1476/
MLA
"H.R. 1476: PPP Shell Company Discovery Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-1476/.
Bluebook (legal)
H.R. 1476, 118th Cong. (2026), https://openamerica.io/bill/118-HR-1476/.
Markdown link
[H.R. 1476: PPP Shell Company Discovery Act](https://openamerica.io/bill/118-HR-1476/)
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