HB1476
Type: B Origin: House Comments: 0

Ppp Shell Company Discovery Act

Latest Action: Introduced in House

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The PPP Shell Company Discovery Act aims to prevent fraud in the Paycheck Protection Program (PPP) by requiring the Small Business Administration to disclose information about businesses that receive PPP loans, particularly focusing on entities with no employees or payroll. The bill mandates the SBA to provide reports on loans made to businesses without employees or paid compensation, enhancing transparency and accountability in the program. This legislation seeks to address concerns about misuse of PPP funds and ensure they reach legitimate small businesses in need.

Bill Activity

  • 2023-03-08: Introduced in House

  • 2023-03-08: Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

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