Paycheck Protection Program Transparency Act of 2020

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.

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Timeline

1. 5 August 2020

   Introduced

   Read twice and referred to the Committee on Small Business and Entrepreneurship.

   Source: IntroReferral

2. 5 August 2020

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 5 August 2020 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 5 August 2020

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 5 August 2020

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 5 August 2020

  Open at official source

Sponsors

• Sen. Harris, Kamala D. [D-CA] · D · Sponsor
• Sen. Udall, Tom [D-NM] · D · Sponsor
• Kirsten Gillibrand · D · Sponsor
• Sen. Feinstein, Dianne [D-CA] · D · Sponsor
• Amy Klobuchar · D · Sponsor
• Tina Smith · D · Sponsor
• Jeff Merkley · D · Sponsor
• Martin Heinrich · D · Sponsor
• · sssb00 · Standing

Related records

• related to → Paycheck Protection Program Transparency Act of 2020