US Congress House Bill 7093 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on June 4 2020 - 25% progression, died in committee
Action: 2020-06-04 - Referred to the House Committee on Small Business.
Pending: House Small Business Committee
Text: Latest bill text (Introduced) [PDF]

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.

PPP Accountability Act

Rep. Sharice Davids [D-KS]

Rep. Andy Kim [D-NJ]

Date	Chamber	Action
2020-06-04	House	Referred to the House Committee on Small Business.
2020-06-04	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/7093/all-info
Text	https://www.congress.gov/116/bills/hr7093/BILLS-116hr7093ih.pdf