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Of inquiry directing the Secretary of the Treasury to transmit certain documents to the House of Representatives relating to the role of the Department of the Treasury in the Paycheck Protection Program of the Small Business Administration.

4/17/2024, 11:44 PM

Summary of Bill HRES 1298

Bill 117 H.Res. 1298, also known as the "Of Inquiry Directing the Secretary of the Treasury to Transmit Certain Documents to the House of Representatives Relating to the Role of the Department of the Treasury in the Paycheck Protection Program of the Small Business Administration," is a piece of legislation that aims to investigate the Department of the Treasury's involvement in the Paycheck Protection Program (PPP) administered by the Small Business Administration.

The bill directs the Secretary of the Treasury to provide certain documents to the House of Representatives that pertain to the Department of the Treasury's role in the PPP. This includes information on how the Department of the Treasury implemented and oversaw the PPP, as well as any communications or guidance provided to participating financial institutions.

The purpose of this inquiry is to ensure transparency and accountability in the implementation of the PPP, which was established to provide financial assistance to small businesses impacted by the COVID-19 pandemic. By examining the Department of the Treasury's actions and decision-making processes related to the PPP, lawmakers hope to identify any potential issues or areas for improvement in the program. Overall, Bill 117 H.Res. 1298 seeks to shed light on the Department of the Treasury's involvement in the PPP and ensure that the program is being administered effectively and in accordance with its intended purpose of supporting small businesses during these challenging times.

Current Status of Bill HRES 1298

Bill HRES 1298 is currently in the status of Bill Introduced since July 28, 2022. Bill HRES 1298 was introduced during Congress 117 and was introduced to the House on July 28, 2022.  Bill HRES 1298's most recent activity was Placed on the House Calendar, Calendar No. 123. as of September 28, 2022

Bipartisan Support of Bill HRES 1298

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HRES 1298

Primary Policy Focus

Commerce

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