United States · Bill · HR
H.R. 1476 (118th)
PPP Shell Company Discovery Act
Introduced
8 March 2023
Last action
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Status
Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, 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.
Sponsors
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Subjects
Discovery layer
Source updated
24 July 2024
Summary
PPP Shell Company Discovery Act This bill requires the Internal Revenue Service (IRS) to compile a list of Paycheck Protection Program (PPP) loan recipients whose loans were forgiven under the program. Additionally, the IRS must compile (1) a list of such loan recipients who did not withhold payroll taxes in 2019, and (2) a list of loan such recipients for which the aggregate amount of PPP loans exceeded four times the greatest amount of wages paid by the recipient during a calendar month in 2019. The IRS must notify the Department of Justice when the lists are complete.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 8 March 2023
Introduced in House (PDF)
Introduced in House · EN · 8 March 2023
Introduced in House
summary · EN · 8 March 2023
Sponsors
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/118th-congress/house-bill/1476
- Open data entity: https://api.congress.gov/v3/bill/118/hr/1476