PPP Accountability Act

Hozzl · 2022-02-08T23:16:59Z

Explore the details of House Bill 7093 PPP Accountability Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Commerce. Stay informed on legislative developments.

2/8/2022, 11:16 PM

Congressional Summary of HR 7093

PPP Accountability Act

This bill requires the Small Business Administration (SBA) to publish on its website certain information regarding any loan of $1 million or greater made under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019).

Such information shall include the identity of a paycheck protection loan recipient, the identity of the lender, and the amount of the paycheck protection loan. With respect to each application for loan forgiveness under the program, the SBA must publish (1) the amount of such forgiveness and the date of approval, and (2) the number of employees who received a paycheck and the duration of such receipt.

The SBA must also report to Congress an overview of actions taken to carry out the program and a detailed financial statement including the number, amount, balances, and forgiveness status of each paycheck protection loan.

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Current Status of Bill HR 7093

Bill HR 7093 is currently in the status of Bill Introduced since June 4, 2020. Bill HR 7093 was introduced during Congress 116 and was introduced to the House on June 4, 2020. Bill HR 7093's most recent activity was Referred to the House Committee on Small Business. as of June 4, 2020

Bipartisan Support of Bill HR 7093

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 7093

Primary Policy Focus

Commerce

Potential Impact Areas

- Business expenses

- Cardiovascular and respiratory health

- Congressional oversight

- Emergency medical services and trauma care

- Government information and archives

- Government lending and loan guarantees

- Infectious and parasitic diseases

- Small business

- Wages and earnings

Alternate Title(s) of Bill HR 7093

PPP Accountability Act

To require the Administrator of the Small Business Administration to report on covered loans made under the paycheck protection program, and for other purposes.

PPP Accountability Act