H.R.6874 - Paycheck Protection Program Transparency Act of 2020116th Congress (2019-2020)
|Sponsor:||Rep. Porter, Katie [D-CA-45] (Introduced 05/14/2020)|
|Committees:||House - Small Business; Financial Services; Ways and Means|
|Latest Action:||House - 05/14/2020 Referred to the Committee on Small Business, and in addition to the Committees on Financial Services, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (All Actions)|
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Summary: H.R.6874 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (05/14/2020)
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 includes specified information including (1) the name, location, and number of employees of each paycheck protection loan recipient; and (2) 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.