US SB4455 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on August 5 2020 - 25% progression, died in committee
Action: 2020-08-05 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
Pending: Senate Small Business And Entrepreneurship Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Requires the Small Business Administration (SBA) to disclose and report certain information related to the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the SBA must establish a website that contains specified borrower information such as the name, location, and number of employees of each borrower of a paycheck protection loan. The SBA must establish a second website that contains specified lender information such as the number of loans disbursed and total fees collected by each paycheck protection lender. Additionally, the SBA must report to Congress on the status of paycheck protection loans.

Tracking Information

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Title

Paycheck Protection Program Transparency Act of 2020

Sponsors


History

DateChamberAction
2020-08-05SenateRead twice and referred to the Committee on Small Business and Entrepreneurship.

Same As/Similar To

HB6874 (Related) 2020-05-14 - Referred to the Committee on Small Business, and in addition to the Committees on Financial Services, and Ways and Means, 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.

Subjects


US Congress State Sources


Bill Comments

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