I 

118TH CONGRESS 

1ST SESSION H. R. 1476 

To provide for the collection and sharing of information, including tax return 

information, for purposes of criminal investigations with respect to loans 

under the Paycheck Protection Program. 

IN THE HOUSE OF REPRESENTATIVES 

MARCH 8, 2023 

Mr. TIMMONS introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on Small 

Business, for a period to be subsequently determined by the Speaker, in 

each case for consideration of such provisions as fall within the jurisdiction of the committee concerned 

A BILL 

To provide for the collection and sharing of information, 

including tax return information, for purposes of criminal 

investigations with respect to loans under the Paycheck 

Protection Program. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘PPP Shell Company 

5 Discovery Act’’. 


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1 SEC. 2. COLLECTION AND SHARING OF INFORMATION FOR 

2 CRIMINAL INVESTIGATIONS WITH RESPECT 

3 TO LOANS UNDER THE PAYCHECK PROTEC4 TION PROGRAM. 

5 (a) LIST OF LOAN RECIPIENTS.—The Secretary of 

6 the Treasury or the Secretary’s delegate (hereafter in this 

7 section referred to as ‘‘the Secretary’’), after consultation 

8 with the Administrator of the Small Business Administra9 tion, the Pandemic Response Accountability Committee, 

10 and such other persons as the Secretary determines appro11 priate, shall compile a list of the persons who received 

12 PPP loans. Such list shall include the name, mailing ad13 dress, and taxpayer identifying number (within the mean14 ing of section 6109 of the Internal Revenue Code of 1986) 

15 of, and aggregate amount of PPP loans received by, each 

16 such person. The Secretary shall make all information in17 cluded on such list available to officers and employees of 

18 the Internal Revenue Service and the Department of Jus19 tice. 

20 (b) CREATION OF LISTS OF LOAN RECIPIENTS

21 BASED ON CERTAIN PAYROLL TAX INFORMATION.— 

22 (1) LIST OF LOAN RECIPIENTS WITH NO FICA

23 TAX WITHHOLDING.—The Commissioner of Internal 

24 Revenue shall create a list of PPP loan recipients 

25 (including the information described in subsection 

26 (a) with respect to each such recipient) which did 


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1 not deduct and withhold any tax under section 3102 

2 of the Internal Revenue Code of 1986 during cal3 endar year 2019. 

4 (2) LIST OF LOAN RECIPIENTS WITH LARGE

5 PPP LOANS RELATIVE TO FICA WAGES.—The Com6 missioner of Internal Revenue shall create a list of 

7 PPP loan recipients (including the information de8 scribed in subsection (a) with respect to each such 

9 recipient) with respect to whom the aggregate 

10 amount of PPP loans received by such person (as 

11 reported on the list described in subsection (a)) 

12 equals or exceeds the product of— 

13 (A) the greatest amount of wages (as de14 fined in section 3121(a) of the Internal Rev15 enue Code of 1986) for any calendar month 

16 during 2019 with respect to which tax was paid 

17 by such person under section 3111 of such 

18 Code, multiplied by 

19 (B) 4. 

20 (3) NOTIFICATION OF LIST COMPLETION.—The 

21 Commissioner of Internal Revenue shall notify the 

22 Attorney General and the Secretary of the Treasury 

23 when each list described in paragraphs (1) and (2) 

24 has been completed. 


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1 (4) AUTHORITY TO DISCLOSE LISTS FOR USE IN

2 CRIMINAL INVESTIGATIONS.—For authority and pro3 cedure for disclosure of return information for use 

4 in criminal investigations, see section 6103(i)(1) of 

5 the Internal Revenue Code of 1986. 

6 (c) DEFINITIONS.—For purposes of this section— 

7 (1) PPP LOANS.—The term ‘‘PPP loan’’ means 

8 a covered loan made under paragraph (36) or (37) 

9 of section 7(a) of the Small Business Act (15 U.S.C. 

10 636(a)) that was forgiven under such paragraph 

11 (37) or section 7A of such Act (15 U.S.C. 636m). 

12 (2) PPP LOAN RECIPIENT.—The term ‘‘PPP 

13 loan recipient’’ means any person included on the 

14 list compiled by the Secretary under subsection (a). 

Æ 


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