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Return of PPP Loans Used for Illegal Activities

This bill aims to ensure that funds from the Paycheck Protection Program (PPP) used for illegal activities must be returned to the Treasury. This means individuals or businesses that received these funds and misused them will be required to repay the entire amount. The goal is to protect taxpayer money and ensure fairness in aid programs.
Key points
Requires the return of the full PPP loan amount if used for illegal activities.
Applies to loans provided under the small business support program.
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Expired
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Additional Information
Print number: 117_HR_8211
Sponsor: Rep. Mullin, Markwayne [R-OK-2]
Process start date: 2022-06-23
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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

To require the return of amounts loaned under the Paycheck Protection Program of the Small Business Administration used for illegal activities, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8211.

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 2022-06-23.

What are the main provisions?

Key points include:

  • Requires the return of the full PPP loan amount if used for illegal activities.
  • Applies to loans provided under the small business support program.
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. Mullin, Markwayne [R-OK-2].

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 2025-12-28.

CATEGORIES

Economy Courts and Law