HR 2799 · 117th Congress · Commerce
No Duplicate PPP Loans Act of 2021
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Small Business.(2021-04-22)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only