No CFPB in the PPP Act
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2021
Committee Review
Floor Vote
President
Introduced Jan 26, 2021
Last action Jan 26, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jan 26, 2021
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Jan 26, 2021
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor
Sponsors
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