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SBA Collections Act of 2023

USA118th CongressS-1142| Senate 
| Updated: 3/30/2023
Joni Ernst

Joni Ernst

Republican Senator

Iowa

Small Business and Entrepreneurship Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
SBA Collections Act of 2023 This bill prohibits the Small Business Administration (SBA) from discharging, suspending, or ending collection action on any claim related to a Paycheck Protection Program (PPP) loan or Economic Injury Disaster Loan (EIDL). Additionally, the SBA must refer such claims that are for $100,000 or less to the Department of the Treasury and Treasury must make a final decision for the disposition of such claims. The SBA must provide monthly briefings to, and the SBA Administrator must annually testify before, the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives about the collection of claims for such loans.
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Timeline
Mar 30, 2023
Introduced in Senate
Mar 30, 2023
Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • March 30, 2023
    Introduced in Senate


  • March 30, 2023
    Read twice and referred to the Committee on Small Business and Entrepreneurship.

Commerce

SBA Collections Act of 2023

USA118th CongressS-1142| Senate 
| Updated: 3/30/2023
SBA Collections Act of 2023 This bill prohibits the Small Business Administration (SBA) from discharging, suspending, or ending collection action on any claim related to a Paycheck Protection Program (PPP) loan or Economic Injury Disaster Loan (EIDL). Additionally, the SBA must refer such claims that are for $100,000 or less to the Department of the Treasury and Treasury must make a final decision for the disposition of such claims. The SBA must provide monthly briefings to, and the SBA Administrator must annually testify before, the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives about the collection of claims for such loans.
View Full Text

Suggested Questions

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

Timeline
Mar 30, 2023
Introduced in Senate
Mar 30, 2023
Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • March 30, 2023
    Introduced in Senate


  • March 30, 2023
    Read twice and referred to the Committee on Small Business and Entrepreneurship.
Joni Ernst

Joni Ernst

Republican Senator

Iowa

Small Business and Entrepreneurship Committee

Commerce

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted