Text: H.R.6861 — 116th Congress (2019-2020)All Information (Except Text)

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Introduced in House (05/14/2020)


116th CONGRESS
2d Session
H. R. 6861


To amend the Small Business Act to require collection and reporting of demographic data for applicants of the Paycheck Protection Program, and for other purposes.


IN THE HOUSE OF REPRESENTATIVES

May 14, 2020

Ms. Judy Chu of California (for herself, Mr. Cárdenas, and Mr. Veasey) introduced the following bill; which was referred to the Committee on Small Business


A BILL

To amend the Small Business Act to require collection and reporting of demographic data for applicants of the Paycheck Protection Program, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “PPP Data and Diversity Accountability Act of 2020”.

SEC. 2. Reporting of demographic data for applicants to the paycheck protection program.

Section 7(a)(36) of the Small Business Act (15 U.S.C. 636(a)(36)) is amended by inserting the following new subparagraph:

“(T) DATA COLLECTION AND REPORT.—The Administrator shall develop and implement a process for the systematic collection of demographic data of recipients of assistance under this paragraph and the number of loans approved and denied under this paragraph. Such data shall specify whether applicants are women, veterans, or minorities, disaggregated by race in a manner that captures all the racial groups specified in the American Community Survey conducted by the Bureau of the Census. Not less frequently than quarterly, the Administrator shall submit to Congress a report containing the results of this data collection.”.


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