To require the return of amounts loaned under the Paycheck Protection Program of the Small Business Administration used for illegal activities, and for other purposes.

Bill: 117-hr-8211
Sponsor: full_name: Rep. Mullin, Markwayne [R-OK-2]
Introduced: 2022-06-23
Policy area: Commerce
Latest action: action_date: 2022-06-23
text: Referred to the House Committee on Small Business.

Summaries:
action_date: 2022-06-23
action_desc: Introduced in House
text: <p>This bill requires the Small Business Administration to ensure that any loan amounts under the Paycheck Protection Program that are used for an illegal activity are returned to the U.S. Treasury.</p>

tv_txt: I 117th CONGRESS 2d Session H. R. 8211 IN THE HOUSE OF REPRESENTATIVES June 23, 2022 Mr. Mullin introduced the following bill; which was referred to the Committee on Small Business A BILL To require the return of amounts loaned under the Paycheck Protection Program of the Small Business Administration used for illegal activities, and for other purposes.

1. Return of PPP amounts used for illegal activity The Administrator of the Small Business Administration shall ensure that a person that received a covered loan under paragraph (36) or (37) of section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ) and used any amount of such covered loan to conduct an illegal activity shall return the entire amount of such covered loan to the Treasury.