Preventing Regulatory Penalties for PPP Lenders Act

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

R LoudermilkSponsor

16 cosponsors · 1 D, 15 R

10 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

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.

What it does: CRS summary · Introduced in House · Oct 23, 2020

Preventing Regulatory Penalties for PPP Lenders Act

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Preventing Regulatory Penalties for PPP Lenders Act

Latest action (Oct 23, 2020): Referred to the House Committee on Financial Services.

Policy area: Finance and Financial Sector · Origin: House · Introduced: Oct 23, 2020

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.