Bill117th CongressFiled Jan 26, 2021Finance and Financial Sector
S. 49
No CFPB in the PPP Act
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Jan 26, 2021)
No CFPB in the PPP Act
This bill prohibits the Consumer Financial Protection Bureau from exercising oversight authority over a lender regarding its participation in the Paycheck Protection Program. The Paycheck Protection Program was established in response to the COVID-19 (i.e., coronavirus disease 2019) pandemic and facilitates loans to small businesses.
What just happenedJan 26, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
Sen. Lee, Mike [R-UT](R-UT)Sponsor
1 cosponsor1 R
1cosponsors1committees2actions14subjects
- Introduced in SenateJan 26, 2021
- Jan 26, 2021IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Jan 26, 2021IntroReferral10000
Introduced in Senate