Preventing Regulatory Penalties for PPP Lenders Act
USA116th CongressHR-8675| House
| Updated: 10/23/2020
Barry Loudermilk
Republican Representative
Georgia
Cosponsors (16)
David Kustoff (Republican)Frank D. Lucas (Republican)Alexander X. Mooney (Republican)Steve Stivers (Republican)Van Taylor (Republican)David Scott (Democratic)A. Drew Ferguson (Republican)Andy Barr (Republican)Roger Williams (Republican)Denver Riggleman (Republican)Trey Hollingsworth (Republican)Blaine Luetkemeyer (Republican)John W. Rose (Republican)Brian K. Fitzpatrick (Republican)Bill Posey (Republican)Ted Budd (Republican)
Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Preventing Regulatory Penalties for PPP Lenders Act This bill 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.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Finance and Financial Sector
Administrative remediesBank accounts, deposits, capitalBusiness expensesCardiovascular and respiratory healthEmergency medical services and trauma careGovernment lending and loan guaranteesInfectious and parasitic diseasesSmall businessWages and earnings
Preventing Regulatory Penalties for PPP Lenders Act
USA116th CongressHR-8675| House
| Updated: 10/23/2020
Preventing Regulatory Penalties for PPP Lenders Act This bill 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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Barry Loudermilk
Republican Representative
Georgia
Cosponsors (16)
David Kustoff (Republican)Frank D. Lucas (Republican)Alexander X. Mooney (Republican)Steve Stivers (Republican)Van Taylor (Republican)David Scott (Democratic)A. Drew Ferguson (Republican)Andy Barr (Republican)Roger Williams (Republican)Denver Riggleman (Republican)Trey Hollingsworth (Republican)Blaine Luetkemeyer (Republican)John W. Rose (Republican)Brian K. Fitzpatrick (Republican)Bill Posey (Republican)Ted Budd (Republican)
Financial Services Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative remediesBank accounts, deposits, capitalBusiness expensesCardiovascular and respiratory healthEmergency medical services and trauma careGovernment lending and loan guaranteesInfectious and parasitic diseasesSmall businessWages and earnings