PPP Shell Company Discovery Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Mar 8, 2023)
PPP Shell Company Discovery Act
This bill requires the Internal Revenue Service (IRS) to compile a list of Paycheck Protection Program (PPP) loan recipients whose loans were forgiven under the program.
Additionally, the IRS must compile (1) a list of such loan recipients who did not withhold payroll taxes in 2019, and (2) a list of loan such recipients for which the aggregate amount of PPP loans exceeded four times the greatest amount of wages paid by the recipient during a calendar month in 2019.
The IRS must notify the Department of Justice when the lists are complete.
What just happenedMar 8, 2023
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.
Who’s behind it
- Introduced in HouseMar 8, 2023
- Mar 8, 2023IntroReferralH11100
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.
Small Business Committee - Mar 8, 2023IntroReferralH11100
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.
Ways and Means Committee - Mar 8, 2023IntroReferralIntro-H
Introduced in House
- Mar 8, 2023IntroReferral1000
Introduced in House