PPP Data and Diversity Accountability Act of 2020

Bill: 116-hr-6861
Sponsor: full_name: Rep. Chu, Judy [D-CA-27]
Introduced: 2020-05-14
Policy area: Commerce
Subjects: Business expenses

Cardiovascular and respiratory health

Congressional oversight

Emergency medical services and trauma care

Government information and archives

Government lending and loan guarantees

Infectious and parasitic diseases

Minority and disadvantaged businesses

Small business

Veterans' education, employment, rehabilitation

Veterans' loans, housing, homeless programs

Wages and earnings

Women in business
Latest action: action_date: 2020-05-14
text: Referred to the House Committee on Small Business.

Summaries:
action_date: 2020-05-14
action_desc: Introduced in House
text: <p><b>PPP Data and Diversity Accountability Act of 2020</b></p> <p>This bill requires the Small Business Administration to collect and report specified demographic data for recipients of assistance under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019).</p>

tv_txt: I 116th CONGRESS 2d Session H. R. 6861 IN THE HOUSE OF REPRESENTATIVES May 14, 2020 Ms. Judy Chu of California (for herself, Mr. Cárdenas , and Mr. Veasey ) introduced the following bill; which was referred to the Committee on Small Business A BILL To amend the Small Business Act to require collection and reporting of demographic data for applicants of the Paycheck Protection Program, and for other purposes.

1. Short title This Act may be cited as the PPP Data and Diversity Accountability Act of 2020 . 2. Reporting of demographic data for applicants to the paycheck protection program Section 7(a)(36) of the Small Business Act ( 15 U.S.C. 636(a)(36) ) is amended by inserting the following new subparagraph: (T) Data collection and report The Administrator shall develop and implement a process for the systematic collection of demographic data of recipients of assistance under this paragraph and the number of loans approved and denied under this paragraph. Such data shall specify whether applicants are women, veterans, or minorities, disaggregated by race in a manner that captures all the racial groups specified in the American Community Survey conducted by the Bureau of the Census. Not less frequently than quarterly, the Administrator shall submit to Congress a report containing the results of this data collection. .