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- S.49
S.49: No CFPB in the PPP Act
About This Bill
- Introduced Jan. 26, 2021
- Latest Major Action Jan. 26, 2021
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in Senate - Jan. 26, 2021
Bill Summary
No CFPB in the PPP Act This bill prohibits the Consumer Financial Protection Bureau from exercising oversight authority over a lender regarding its participation in the Paycheck Protection Program. The Paycheck Protection Program was established in response to the COVID-19 (i.e., coronavirus disease 2019) pandemic and facilitates loans to small businesses.
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| Jan. 26, 2021 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
| Jan. 26, 2021 |
Introduced in the Senate by Mike Lee (R-Utah) |