US HB8675 | 2019-2020 | 116th Congress
Status
Spectrum: Strong Partisan Bill (Republican 16-1)
Status: Introduced on October 23 2020 - 25% progression, died in committee
Action: 2020-10-23 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on October 23 2020 - 25% progression, died in committee
Action: 2020-10-23 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Prohibits federal banking agencies from including Paycheck Protection Program loans as assets when calculating capital ratios, deposit insurance premiums, and other asset thresholds for certain small financial institutions.
Title
Preventing Regulatory Penalties for PPP Lenders Act
Sponsors
| Rep. Barry Loudermilk [R-GA] | Rep. David Scott [D-GA] | Rep. Frank Lucas [R-OK] | Rep. Steve Stivers [R-OH] |
| Rep. Roger Williams [R-TX] | Sen. Ted Budd [R-NC] | Rep. David Kustoff [R-TN] | Rep. Trey Hollingsworth [R-IN] |
| Rep. John Rose [R-TN] | Rep. Denver Riggleman [R-VA] | Rep. Nicholas Taylor [R-TX] | Rep. Blaine Luetkemeyer [R-MO] |
| Rep. Brian Fitzpatrick [R-PA] | Rep. Bill Posey [R-FL] | Rep. Alexander Mooney [R-WV] | Rep. Drew Ferguson [R-GA] |
| Rep. Garland Barr [R-KY] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-10-23 | House | Referred to the House Committee on Financial Services. |
| 2020-10-23 | House | Introduced in House |
Subjects
Administrative remedies
Bank accounts, deposits, capital
Business expenses
Cardiovascular and respiratory health
Emergency medical services and trauma care
Finance and financial sector
Government lending and loan guarantees
Infectious and parasitic diseases
Small business
Wages and earnings
Bank accounts, deposits, capital
Business expenses
Cardiovascular and respiratory health
Emergency medical services and trauma care
Finance and financial sector
Government lending and loan guarantees
Infectious and parasitic diseases
Small business
Wages and earnings
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/8675/all-info |
| Text | https://www.congress.gov/116/bills/hr8675/BILLS-116hr8675ih.pdf |
