No CFPB in the PPP Act
USA117th CongressS-49| Senate
| Updated: 1/26/2021
Mike Lee
Republican Senator
Utah
Cosponsors (1)
Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
No CFPB in the PPP Act This bill prohibits the Consumer Financial Protection Bureau from exercising oversight authority over a lender regarding its participation in the Paycheck Protection Program. The Paycheck Protection Program was established in response to the COVID-19 (i.e., coronavirus disease 2019) pandemic and facilitates loans to small businesses.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Accounting and auditingBanking and financial institutions regulationBusiness expensesCardiovascular and respiratory healthCivil actions and liabilityConsumer creditConsumer Financial Protection BureauEmergency medical services and trauma careGovernment lending and loan guaranteesGovernment studies and investigationsInfectious and parasitic diseasesSmall businessUser charges and feesWages and earnings
No CFPB in the PPP Act
USA117th CongressS-49| Senate
| Updated: 1/26/2021
No CFPB in the PPP Act This bill prohibits the Consumer Financial Protection Bureau from exercising oversight authority over a lender regarding its participation in the Paycheck Protection Program. The Paycheck Protection Program was established in response to the COVID-19 (i.e., coronavirus disease 2019) pandemic and facilitates loans to small businesses.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mike Lee
Republican Senator
Utah
Cosponsors (1)
Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Accounting and auditingBanking and financial institutions regulationBusiness expensesCardiovascular and respiratory healthCivil actions and liabilityConsumer creditConsumer Financial Protection BureauEmergency medical services and trauma careGovernment lending and loan guaranteesGovernment studies and investigationsInfectious and parasitic diseasesSmall businessUser charges and feesWages and earnings