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No Duplicate PPP Loans: Preventing Fraud in Small Business Aid

This act aims to prevent fraud in the Paycheck Protection Program (PPP) for small businesses. It mandates repayment for those who knowingly submitted false information to obtain duplicate loans. This protects taxpayer money and ensures aid reaches those truly in need.
Key points
Individuals who knowingly submitted false information for duplicate PPP loans will be required to repay the funds.
The Small Business Administration (SBA) must issue guidance on preventing duplicate loans within 10 days of the act's enactment.
The SBA will regularly report to Congress on attempted and processed duplicate loans, including actions taken to recover and prevent them.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_2799
Sponsor: Rep. Perry, Scott [R-PA-10]
Process start date: 2021-04-22
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

No Duplicate PPP Loans Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2799.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-22.

What are the main provisions?

Key points include:

  • Individuals who knowingly submitted false information for duplicate PPP loans will be required to repay the funds.
  • The Small Business Administration (SBA) must issue guidance on preventing duplicate loans within 10 days of the act's enactment.
  • The SBA will regularly report to Congress on attempted and processed duplicate loans, including actions taken to recover and prevent them.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Perry, Scott [R-PA-10].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Economy