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.
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Timeline
Introduced in House
Referred to the House Committee on Small Business.
Introduced in House
Referred to the House Committee on Small Business.
Commerce
Business expensesCardiovascular and respiratory healthCongressional oversightEmergency medical services and trauma careFraud offenses and financial crimesGovernment information and archivesGovernment lending and loan guaranteesInfectious and parasitic diseasesSmall businessWages and earnings
No Duplicate PPP Loans Act of 2021
USA117th CongressHR-2799| House
| Updated: 4/22/2021
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.
Business expensesCardiovascular and respiratory healthCongressional oversightEmergency medical services and trauma careFraud offenses and financial crimesGovernment information and archivesGovernment lending and loan guaranteesInfectious and parasitic diseasesSmall businessWages and earnings