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Paycheck Protection Program Transparency Act of 2020

USA116th CongressS-4455| Senate 
| Updated: 8/5/2020
Kamala D. Harris

Kamala D. Harris

Democratic Senator

California

Cosponsors (7)
Tom Udall (Democratic)Dianne Feinstein (Democratic)Kirsten E. Gillibrand (Democratic)Amy Klobuchar (Democratic)Martin Heinrich (Democratic)Tina Smith (Democratic)Jeff Merkley (Democratic)

Small Business and Entrepreneurship Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Paycheck Protection Program Transparency Act of 2020 This bill 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.
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Timeline
May 14, 2020

Latest Companion Bill Action

HR 116-6874
Introduced in House
Aug 5, 2020
Introduced in Senate
Aug 5, 2020
Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • May 14, 2020

    Latest Companion Bill Action

    HR 116-6874
    Introduced in House


  • August 5, 2020
    Introduced in Senate


  • August 5, 2020
    Read twice and referred to the Committee on Small Business and Entrepreneurship.

Commerce

Related Bills

  • HR 116-6874: Paycheck Protection Program Transparency Act of 2020
Banking and financial institutions regulationBusiness expensesCardiovascular and respiratory healthCongressional oversightEmergency medical services and trauma careGovernment 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

Paycheck Protection Program Transparency Act of 2020

USA116th CongressS-4455| Senate 
| Updated: 8/5/2020
Paycheck Protection Program Transparency Act of 2020 This bill 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.
View Full Text

Suggested Questions

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

Timeline
May 14, 2020

Latest Companion Bill Action

HR 116-6874
Introduced in House
Aug 5, 2020
Introduced in Senate
Aug 5, 2020
Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • May 14, 2020

    Latest Companion Bill Action

    HR 116-6874
    Introduced in House


  • August 5, 2020
    Introduced in Senate


  • August 5, 2020
    Read twice and referred to the Committee on Small Business and Entrepreneurship.
Kamala D. Harris

Kamala D. Harris

Democratic Senator

California

Cosponsors (7)
Tom Udall (Democratic)Dianne Feinstein (Democratic)Kirsten E. Gillibrand (Democratic)Amy Klobuchar (Democratic)Martin Heinrich (Democratic)Tina Smith (Democratic)Jeff Merkley (Democratic)

Small Business and Entrepreneurship Committee

Commerce

Related Bills

  • HR 116-6874: Paycheck Protection Program Transparency Act of 2020
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Banking and financial institutions regulationBusiness expensesCardiovascular and respiratory healthCongressional oversightEmergency medical services and trauma careGovernment 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