I 
116TH CONGRESS 
2D SESSION 
H. R. 6782 
To require the Administrator of the Small Business Administration to submit 
a report on recipients of assistance under the paycheck protection pro-
gram and the economic injury disaster loan program, and for other 
purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 8, 2020 
Mr. PHILLIPS (for himself, Mr. CORREA, Ms. SCHAKOWSKY, Ms. ROYBAL- 
ALLARD, Mr. MALINOWSKI, Ms. SPANBERGER, Mr. GOTTHEIMER, Mr. 
GARAMENDI, Mr. SABLAN, Ms. MCCOLLUM, and Ms. HAALAND) intro-
duced the following bill; which was referred to the Committee on Small 
Business 
A BILL 
To require the Administrator of the Small Business Adminis-
tration to submit a report on recipients of assistance 
under the paycheck protection program and the economic 
injury disaster loan program, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Small Business Trans-
parency and Reporting for the Underbanked and Tax-
payers at Home Act’’ or the ‘‘TRUTH Act’’. 
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SEC. 2. FINDINGS. 
Congress finds the following: 
(1) The President has not nominated and the 
Senate has yet to confirm a Special Inspector Gen-
eral for Pandemic Response as was required by the 
CARES Act. 
(2) The CARES Act and Paycheck Protection 
Program and Health Care Enhancement Act were 
the largest outlay of taxpayer money in the history 
of the United States. 
(3) The American people demand and deserve 
responsible stewardship. 
SEC. 3. SENSE OF CONGRESS. 
It is the sense of Congress that the Small Business 
Administration must provide immediate transparency over 
all areas of its administration of the Paycheck Protection 
Program (PPP) and Economic Injury Disaster Loan pro-
gram (EIDL). 
SEC. 4. REPORT. 
Not later than 30 days after the date of the enact-
ment of this Act, the Administrator of the Small Business 
Administration shall make publicly available, in an online 
format that is sortable and searchable for key words and 
downloadable (to the extent technically practicable), the 
following information with respect to the paycheck protec-
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tion program and the economic injury disaster loan pro-
gram: 
(1) An identification of each recipient of assist-
ance from funds appropriated under the CARES Act 
(Public Law 116–136) or the Paycheck Protection 
Program and Health Care Enhancement Act (Public 
Law 116–139). 
(2) An explanation of the decision-making proc-
esses under which such funds were disbursed. 
(3) The number of employees of each entity 
that received such assistance. 
(4) The date on which such assistance was dis-
bursed. 
(5) An identification of each lender or inter-
mediary through which such assistance was dis-
bursed. 
(6) The amount of assistance provided to small 
business concerns owned and controlled by socially 
and economically disadvantaged individuals (as de-
fined in section 8(d)(3)(C) of the Small Business 
Act (15 U.S.C. 637(d)(3)(C))), small business con-
cern owned and controlled by women (as defined 
under section 3(n) of such Act (15 U.S.C. 632(n))), 
and small business concern owned and controlled by 
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