TRUTH Act
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in house (May 8, 2020)
Small Business Transparency and Reporting for the Underbanked and Taxpayers at Home Act or the TRUTH Act
This bill requires the Small Business Administration (SBA) to make information regarding economic relief measures implemented in response to COVID-19 (i.e., coronavirus disease 2019) publicly available.
Specifically, with respect to the Paycheck Protection Program and economic injury disaster loans and emergency grants, the SBA must publish (1) the identity of each recipient of assistance and an explanation of the decision-making process underlying such disbursal; (2) the number of employees of each recipient and the date on which such assistance was disbursed; (3) an identification of each lender or intermediary through which assistance was disbursed; and (4) the amount of assistance disbursed to small businesses owned and controlled by socially and economically disadvantaged individuals, women, and veterans.
What just happenedMay 28, 2020
On motion to suspend the rules and pass the bill, as amended Failed by the Yeas and Nays: (2/3 required): 269 - 147 (Roll no. 113).
Who’s behind it
- Introduced in HouseMay 8, 2020
- May 28, 2020FloorH37300
On motion to suspend the rules and pass the bill, as amended Failed by the Yeas and Nays: (2/3 required): 269 - 147 (Roll no. 113).
- May 28, 2020Floor9000
Failed of passage/not agreed to in House: On motion to suspend the rules and pass the bill, as amended Failed by the Yeas and Nays: (2/3 required): 269 - 147 (Roll no. 113).
- May 28, 2020FloorH30000
Considered as unfinished business. (consideration: CR H2339-2340)
- May 28, 2020FloorH37220
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
- May 28, 2020FloorH8D000
DEBATE - The House proceeded with forty minutes of debate on H.R. 6782.
- May 28, 2020FloorH30000
Considered under suspension of the rules. (consideration: CR H2330-2332; text: CR H2330-2331)
- May 28, 2020FloorH30300
Ms. Velazquez moved to suspend the rules and pass the bill, as amended.
- May 8, 2020IntroReferralH11100
Referred to the House Committee on Small Business.
Small Business Committee - May 8, 2020IntroReferralIntro-H
Introduced in House
- May 8, 2020IntroReferral1000
Introduced in House