arrow_back Back to App

PPP Loan Information Disclosure for Criminal Investigations

This act aims to facilitate the detection of fraud related to Paycheck Protection Program (PPP) loans. It mandates the creation of lists of loan recipients, including tax information, which will be shared with law enforcement agencies. This means citizens can expect greater transparency and accountability in the use of public funds, aiming to prevent abuses.
Key points
Creation of lists of all PPP loan recipients, including their addresses and taxpayer identification numbers.
Identification of companies that received PPP loans but did not withhold payroll taxes or received disproportionately large loans compared to reported wages.
Sharing this information with law enforcement agencies (IRS and Department of Justice) for criminal investigations into PPP fraud.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_1476
Sponsor: Rep. Timmons, William R. IV [R-SC-4]
Process start date: 2023-03-08
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

PPP Shell Company Discovery Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_1476.

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 2023-03-08.

What are the main provisions?

Key points include:

  • Creation of lists of all PPP loan recipients, including their addresses and taxpayer identification numbers.
  • Identification of companies that received PPP loans but did not withhold payroll taxes or received disproportionately large loans compared to reported wages.
  • Sharing this information with law enforcement agencies (IRS and Department of Justice) for criminal investigations into PPP fraud.
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. Timmons, William R. IV [R-SC-4].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Economy Taxes Courts and Law