H.R. 2799 · 117th Congress
No Duplicate PPP Loans Act of 2021
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
PerrySponsorNo cosponsors.
This bill requires a borrower that knowingly and willfully submits false information in order to obtain a loan under the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to repay any amount received.
What it does: CRS summary · Introduced in House · Apr 22, 2021
No Duplicate PPP Loans Act of 2021
This bill requires a borrower that knowingly and willfully submits false information in order to obtain a loan under the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to repay any amount received. The Small Business Administration must submit a report on any such loans that includes the number of attempted and processed applications for such loans and actions taken to recover improper disbursements.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: No Duplicate PPP Loans Act of 2021
Latest action (Apr 22, 2021): Referred to the House Committee on Small Business.
Policy area: Commerce · Origin: House · Introduced: Apr 22, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.