US SB4455 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on August 5 2020 - 25% progression, died in committee
Action: 2020-08-05 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
Pending: Senate Small Business And Entrepreneurship Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on August 5 2020 - 25% progression, died in committee
Action: 2020-08-05 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
Pending: Senate Small Business And Entrepreneurship Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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 contains specified borrower information such as the name, location, and number of employees of each borrower of a paycheck protection loan. The SBA must establish a second website that contains specified lender information such as 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.
Title
Paycheck Protection Program Transparency Act of 2020
Sponsors
Sen. Kamala Harris [D-CA] | Sen. Tom Udall [D-NM] | Sen. Kirsten Gillibrand [D-NY] | Sen. Dianne Feinstein [D-CA] |
Sen. Amy Klobuchar [D-MN] | Sen. Tina Smith [D-MN] | Sen. Jeff Merkley [D-OR] | Sen. Martin Heinrich [D-NM] |
History
Date | Chamber | Action |
---|---|---|
2020-08-05 | Senate | Read twice and referred to the Committee on Small Business and Entrepreneurship. |
Same As/Similar To
HB6874 (Related) 2020-05-14 - 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.
Subjects
Banking and financial institutions regulation
Business expenses
Cardiovascular and respiratory health
Commerce
Congressional oversight
Emergency medical services and trauma care
Government information and archives
Government lending and loan guarantees
Infectious and parasitic diseases
Minority and disadvantaged businesses
Small business
Veterans' education, employment, rehabilitation
Veterans' loans, housing, homeless programs
Wages and earnings
Women in business
Business expenses
Cardiovascular and respiratory health
Commerce
Congressional oversight
Emergency medical services and trauma care
Government information and archives
Government lending and loan guarantees
Infectious and parasitic diseases
Minority and disadvantaged businesses
Small business
Veterans' education, employment, rehabilitation
Veterans' loans, housing, homeless programs
Wages and earnings
Women in business
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/4455/all-info |
Text | https://www.congress.gov/116/bills/s4455/BILLS-116s4455is.pdf |