House Bill 8675
116th Congress(2019-2020)
Preventing Regulatory Penalties for PPP Lenders Act
Introduced
Introduced in House on Oct 23, 2020
Origin Chamber
House
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
8675
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
No House votes have been held for this bill.
Summary
Preventing Regulatory Penalties for PPP Lenders Act
This bill prohibits federal banking agencies from including Paycheck Protection Program loans as assets when calculating capital ratios, deposit insurance premiums, and other asset thresholds for certain small financial institutions.
October 23, 2020
10/23/2020
Referred to the House Committee on Financial Services.
10/23/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:44:29 PM