Legis Daily

TRUTH Act

USA116th CongressHR-6782| House 
| Updated: 5/28/2020
Dean Phillips

Dean Phillips

Democratic Representative

Minnesota

Cosponsors (25)
Tim Ryan (Democratic)Tom O'Halleran (Democratic)John Garamendi (Democratic)Gilbert Ray Cisneros (Democratic)Jared Huffman (Democratic)Tom Malinowski (Democratic)Abigail Davis Spanberger (Democratic)Lisa Blunt Rochester (Democratic)Jackie Speier (Democratic)Sheila Jackson Lee (Democratic)Ben Ray Luján (Democratic)Debra A. Haaland (Democratic)Joe Courtney (Democratic)Gregorio Kilili Camacho Sablan (Democratic)J. Luis Correa (Democratic)Angie Craig (Democratic)Lucille Roybal-Allard (Democratic)Elaine G. Luria (Democratic)Betty McCollum (Democratic)Eleanor Holmes Norton (Democratic)Janice D. Schakowsky (Democratic)Brian K. Fitzpatrick (Republican)Elissa Slotkin (Democratic)Suzanne Bonamici (Democratic)Josh Gottheimer (Democratic)

Small Business Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Small Business Transparency and Reporting for the Underbanked and Taxpayers at Home Act or the TRUTH Act This bill requires the Small Business Administration (SBA) to make information regarding economic relief measures implemented in response to COVID-19 (i.e., coronavirus disease 2019) publicly available. Specifically, with respect to the Paycheck Protection Program and economic injury disaster loans and emergency grants, the SBA must publish (1) the identity of each recipient of assistance and an explanation of the decision-making process underlying such disbursal; (2) the number of employees of each recipient and the date on which such assistance was disbursed; (3) an identification of each lender or intermediary through which assistance was disbursed; and (4) the amount of assistance disbursed to small businesses owned and controlled by socially and economically disadvantaged individuals, women, and veterans.
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Timeline
May 8, 2020
Introduced in House
May 8, 2020
Referred to the House Committee on Small Business.
May 28, 2020
Ms. Velazquez moved to suspend the rules and pass the bill, as amended.
May 28, 2020
Considered under suspension of the rules. (consideration: CR H2330-2332; text: CR H2330-2331)
May 28, 2020
DEBATE - The House proceeded with forty minutes of debate on H.R. 6782.
May 28, 2020
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
May 28, 2020
Considered as unfinished business. (consideration: CR H2339-2340)
May 28, 2020
On motion to suspend the rules and pass the bill, as amended Failed by the Yeas and Nays: (2/3 required): 269 - 147 (Roll no. 113).
View Vote
  • May 8, 2020
    Introduced in House


  • May 8, 2020
    Referred to the House Committee on Small Business.


  • May 28, 2020
    Ms. Velazquez moved to suspend the rules and pass the bill, as amended.


  • May 28, 2020
    Considered under suspension of the rules. (consideration: CR H2330-2332; text: CR H2330-2331)


  • May 28, 2020
    DEBATE - The House proceeded with forty minutes of debate on H.R. 6782.


  • May 28, 2020
    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.


  • May 28, 2020
    Considered as unfinished business. (consideration: CR H2339-2340)


  • May 28, 2020
    On motion to suspend the rules and pass the bill, as amended Failed by the Yeas and Nays: (2/3 required): 269 - 147 (Roll no. 113).
    View Vote

Commerce

AppropriationsBanking and financial institutions regulationBusiness expensesCardiovascular and respiratory healthCredit and credit marketsEconomic performance and conditionsEmergency medical services and trauma careGovernment ethics and transparency, public corruptionGovernment information and archivesGovernment lending and loan guaranteesInfectious and parasitic diseasesMinority and disadvantaged businessesSmall businessVeterans' education, employment, rehabilitationVeterans' loans, housing, homeless programsWages and earningsWomen in business

TRUTH Act

USA116th CongressHR-6782| House 
| Updated: 5/28/2020
Small Business Transparency and Reporting for the Underbanked and Taxpayers at Home Act or the TRUTH Act This bill requires the Small Business Administration (SBA) to make information regarding economic relief measures implemented in response to COVID-19 (i.e., coronavirus disease 2019) publicly available. Specifically, with respect to the Paycheck Protection Program and economic injury disaster loans and emergency grants, the SBA must publish (1) the identity of each recipient of assistance and an explanation of the decision-making process underlying such disbursal; (2) the number of employees of each recipient and the date on which such assistance was disbursed; (3) an identification of each lender or intermediary through which assistance was disbursed; and (4) the amount of assistance disbursed to small businesses owned and controlled by socially and economically disadvantaged individuals, women, and veterans.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 8, 2020
Introduced in House
May 8, 2020
Referred to the House Committee on Small Business.
May 28, 2020
Ms. Velazquez moved to suspend the rules and pass the bill, as amended.
May 28, 2020
Considered under suspension of the rules. (consideration: CR H2330-2332; text: CR H2330-2331)
May 28, 2020
DEBATE - The House proceeded with forty minutes of debate on H.R. 6782.
May 28, 2020
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
May 28, 2020
Considered as unfinished business. (consideration: CR H2339-2340)
May 28, 2020
On motion to suspend the rules and pass the bill, as amended Failed by the Yeas and Nays: (2/3 required): 269 - 147 (Roll no. 113).
View Vote
  • May 8, 2020
    Introduced in House


  • May 8, 2020
    Referred to the House Committee on Small Business.


  • May 28, 2020
    Ms. Velazquez moved to suspend the rules and pass the bill, as amended.


  • May 28, 2020
    Considered under suspension of the rules. (consideration: CR H2330-2332; text: CR H2330-2331)


  • May 28, 2020
    DEBATE - The House proceeded with forty minutes of debate on H.R. 6782.


  • May 28, 2020
    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.


  • May 28, 2020
    Considered as unfinished business. (consideration: CR H2339-2340)


  • May 28, 2020
    On motion to suspend the rules and pass the bill, as amended Failed by the Yeas and Nays: (2/3 required): 269 - 147 (Roll no. 113).
    View Vote
Dean Phillips

Dean Phillips

Democratic Representative

Minnesota

Cosponsors (25)
Tim Ryan (Democratic)Tom O'Halleran (Democratic)John Garamendi (Democratic)Gilbert Ray Cisneros (Democratic)Jared Huffman (Democratic)Tom Malinowski (Democratic)Abigail Davis Spanberger (Democratic)Lisa Blunt Rochester (Democratic)Jackie Speier (Democratic)Sheila Jackson Lee (Democratic)Ben Ray Luján (Democratic)Debra A. Haaland (Democratic)Joe Courtney (Democratic)Gregorio Kilili Camacho Sablan (Democratic)J. Luis Correa (Democratic)Angie Craig (Democratic)Lucille Roybal-Allard (Democratic)Elaine G. Luria (Democratic)Betty McCollum (Democratic)Eleanor Holmes Norton (Democratic)Janice D. Schakowsky (Democratic)Brian K. Fitzpatrick (Republican)Elissa Slotkin (Democratic)Suzanne Bonamici (Democratic)Josh Gottheimer (Democratic)

Small Business Committee

Commerce

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
AppropriationsBanking and financial institutions regulationBusiness expensesCardiovascular and respiratory healthCredit and credit marketsEconomic performance and conditionsEmergency medical services and trauma careGovernment ethics and transparency, public corruptionGovernment information and archivesGovernment lending and loan guaranteesInfectious and parasitic diseasesMinority and disadvantaged businessesSmall businessVeterans' education, employment, rehabilitationVeterans' loans, housing, homeless programsWages and earningsWomen in business