No Duplicate PPP Loans Act of 2021
- Last Action
- 4/22/2021
Actions
- 2021-04-22Referred to the House Committee on Small Business.
- 2021-04-22Introduced in House
- 2021-04-22Introduced in House
CRS Summary
As of 2021-04-22 (00)
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.
Subjects
- Business expenses
- Cardiovascular and respiratory health
- Congressional oversight
- Emergency medical services and trauma care
- Fraud offenses and financial crimes
- Government information and archives
- Government lending and loan guarantees
- Infectious and parasitic diseases
- Small business
- Wages and earnings
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.