H.R. 324
119th Congress
PPP Shell Company Discovery Act
0
Cosponsors
4
Actions
0
Amendments
0
Committees
—
Since introduced
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.
9 January 2025·1 year ago
Summary
Introduced in House · Updated 27 February 2025
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.
Timeline
4 actions
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.
9 January 2025 · IntroReferral
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.
9 January 2025 · IntroReferral
Introduced in House
9 January 2025 · IntroReferral
Introduced in House
9 January 2025 · IntroReferral
Sponsorship
0 cosponsors
Sponsor
Republican:Rep. Timmons, William R. [R-SC-4]SCClassification
Policy area
CommerceTrack PPP Shell Company Discovery Act as it moves through Congress
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