No Duplicate PPP Loans Act of 2021

United States117th CongressHR-2799House of Representatives
Updated: Apr 22, 2021

Summary

No Duplicate PPP Loans Act of 2021 This bill requires a borrower that knowingly and willfully submits false information in order to obtain a loan under the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to repay any amount received. The Small Business Administration must submit a report on any such loans that includes the number of attempted and processed applications for such loans and actions taken to recover improper disbursements.

Bill texts

Available versions
Introduced (House)View official text

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Timeline

  1. Referred to the House Committee on Small Business.

    House of Representatives

  2. Introduced in House

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