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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.
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Status:
Expired
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Additional Information
No Duplicate PPP Loans Act of 2021
Print number: HR 2799
Sponsor: Rep. Perry, Scott [R-PA-10]
Process start date: 2021-04-22
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

Key Questions about No Duplicate PPP Loans: Preventing Fraud in Small Business Aid

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is 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.

Analysis and Potential Impact of HR 2799

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Economy