Bills
H.R.8675

H.R.8675: Preventing Regulatory Penalties for PPP Lenders Act

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Introduced Oct. 23, 2020
Latest Major Action Oct. 23, 2020

Bill Sponsor

Barry Loudermilk (R-Ga.)

Bill Cosponsors

16 (1 Democrat, 15 Republicans)

David Scott (D-Ga.)
Frank D. Lucas (R-Okla.)
Steve Stivers (R-Ohio)
Roger Williams (R-Texas)
Ted Budd (R-N.C.)
David Kustoff (R-Tenn.)
Trey Hollingsworth (R-Ind.)
John Rose (R-Tenn.)
Denver Riggleman (R-Va.)
Van Taylor (R-Texas)
Blaine Luetkemeyer (R-Mo.)
Brian Fitzpatrick (R-Pa.)
Bill Posey (R-Fla.)
Alex Mooney (R-W.Va.)
A. Drew Ferguson (R-Ga.)
Andy Barr (R-Ky.)

Bill Version

Introduced in House - Oct. 23, 2020

Bill Summary

Preventing Regulatory Penalties for PPP Lenders Act This bill prohibits federal banking agencies from including Paycheck Protection Program loans as assets when calculating capital ratios, deposit insurance premiums, and other asset thresholds for certain small financial institutions.

(Source: Library of Congress)

Bill Actions

Date	Description
Oct. 23, 2020	Referred to the House Committee on Financial Services.
Oct. 23, 2020	Introduced in the House by Barry Loudermilk (R-Ga.)

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Bill Summary

Introduced in the House by Barry Loudermilk (R-Ga.)