TRUTH Act
United States116th CongressHR-6782House of Representatives
Updated: May 28, 2020
Summary
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.
Bill texts
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Timeline
DEBATE - The House proceeded with forty minutes of debate on H.R. 6782.
House of Representatives
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.
House of Representatives
Considered as unfinished business. (consideration: CR H2339-2340)
House of Representatives
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).
House of Representatives
View vote