SENATE 49117th CongressReferred to the Committee on Rules and Administration. (text: CR S711-712)
An original resolution authorizing expenditures by the Committee on Environment and Public Works.
- Last Action
- 2/12/2021
Actions
- 2021-01-26Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2021-01-26Introduced in Senate
CRS Summary
As of 2021-01-26 (00)
No CFPB in the PPP Act
This bill prohibits the Consumer Financial Protection Bureau from exercising oversight authority over a lender regarding its participation in the Paycheck Protection Program. The Paycheck Protection Program was established in response to the COVID-19 (i.e., coronavirus disease 2019) pandemic and facilitates loans to small businesses.
Cosponsors (1)
- Rand Paul (R-KY)
Subjects
- Accounting and auditing
- Banking and financial institutions regulation
- Business expenses
- Cardiovascular and respiratory health
- Civil actions and liability
- Consumer Financial Protection Bureau
- Consumer credit
- Emergency medical services and trauma care
- Government lending and loan guarantees
- Government studies and investigations
- Infectious and parasitic diseases
- Small business
- User charges and fees
- 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.