Stop Pilfering Everyone’s Paycheck Protection for Election Results Act

Bill: 116-hr-7871
Sponsor: full_name: Rep. Gibbs, Bob [R-OH-7]
Introduced: 2020-07-30
Policy area: Commerce
Subjects: Business expenses

Cardiovascular and respiratory health

Elections, voting, political campaign regulation

Emergency medical services and trauma care

Government lending and loan guarantees

Infectious and parasitic diseases

Political parties and affiliation

Small business

Tax-exempt organizations

Wages and earnings
Latest action: action_date: 2020-07-30
text: Referred to the House Committee on Small Business.

Summaries:
action_date: 2020-07-30
action_desc: Introduced in House
text: <p><b>Stop Pilfering Everyone's Paycheck Protection for Election Results Act</b></p> <p>This bill requires a political organization to return any amounts received under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). A political organization is a party, committee, association, fund, or other organization operated primarily for the purpose of accepting contributions or making expenditures to influence the nomination, election, or appointment of an individual to public office.</p>

tv_txt: I 116th CONGRESS 2d Session H. R. 7871 IN THE HOUSE OF REPRESENTATIVES July 30, 2020 Mr. Gibbs introduced the following bill; which was referred to the Committee on Small Business A BILL To require political organizations to return any amounts received under the paycheck protection program, and for other purposes.

1. Short title This Act may be cited as the Stop Pilfering Everyone’s Paycheck Protection for Election Results Act . 2. Requirement for political organizations to return any amounts received under the paycheck protection program Not later than December 31, 2020, a political organization (as defined in section 527(e) of the Internal Revenue Code of 1986) that received a covered loan under section 7(a)(36) of the Small Business Act ( 15 U.S.C. 636(a)(36) ), shall return any amounts received from such covered loan to the general fund of the Treasury.