Bill Sponsor
Senate Bill 4455
116th Congress(2019-2020)
Paycheck Protection Program Transparency Act of 2020
Introduced
Introduced
Introduced in Senate on Aug 5, 2020
Overview
Text
Introduced
Aug 5, 2020
Latest Action
Aug 5, 2020
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4455
Congress
116
Policy Area
Commerce
Commerce
Primary focus of measure is business investment, development, regulation; small business; consumer affairs; competition and restrictive trade practices; manufacturing, distribution, retail; marketing; intellectual property. Measures concerning international competitiveness and restrictions on imports and exports may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Democrat
California
Democrat
Minnesota
Democrat
Minnesota
Democrat
New Mexico
Democrat
New Mexico
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

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 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.

Text (1)
August 5, 2020
Actions (2)
08/05/2020
Read twice and referred to the Committee on Small Business and Entrepreneurship.
08/05/2020
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:45:19 PM