Bill116th CongressFiled Oct 23, 2020Finance and Financial Sector
H.R. 8675
Preventing Regulatory Penalties for PPP Lenders Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Oct 23, 2020)
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.
What just happenedOct 23, 2020
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Loudermilk, Barry [R-GA-11](R-GA)Sponsor
16 cosponsors1 D15 R
16cosponsors1committees3actions9subjects
- Introduced in HouseOct 23, 2020
- Oct 23, 2020IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Oct 23, 2020IntroReferralIntro-H
Introduced in House
- Oct 23, 2020IntroReferral1000
Introduced in House