HR 8675 · 116th Congress · Finance and Financial Sector

Preventing Regulatory Penalties for PPP Lenders Act

Introduced 2020-10-23· Sponsored by Rep. Loudermilk, Barry [R-GA-11]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2020-10-23)

Plain Language Summary

[AI summary unavailable — showing source text] Preventing Regulatory Penalties for PPP Lenders Act 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (16)

1 Democrat15 Republicans
Rep. Scott, David [D-GA-13]GA
Rep. Lucas, Frank D. [R-OK-3]OK
Rep. Stivers, Steve [R-OH-15]OH
Rep. Williams, Roger [R-TX-25]TX
Rep. Budd, Ted [R-NC-13]NC
Rep. Kustoff, David [R-TN-8]TN
Rep. Hollingsworth, Trey [R-IN-9]IN
Rep. Rose, John W. [R-TN-6]TN
Rep. Riggleman, Denver [R-VA-5]VA
Rep. Taylor, Van [R-TX-3]TX
Rep. Luetkemeyer, Blaine [R-MO-3]MO
Rep. Fitzpatrick, Brian K. [R-PA-1]PA
Rep. Posey, Bill [R-FL-8]FL
Rep. Mooney, Alexander X. [R-WV-2]WV
Rep. Ferguson, A. Drew, IV [R-GA-3]GA
Rep. Barr, Andy [R-KY-6]KY