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116th Congress > House > Vote 812
Clerk session vote number: 113
Sponsor: PHILLIPS, Dean (D-MN)
Description: TRUTH Act
Bill summary:
Small Business Transparency and Reporting for the Underbanked and Taxpayers at Home Act or the TRUTH Act
This bill requires the Small Business Administration (SBA) to make information regarding economic relief measures implemented in response to COVID-19 (i.e., coronavirus disease 2019) publicly available.
Specifically, with respect to the Paycheck Protection Program and economic injury disaster loans and emergency grants, the SBA must publish (1) the identity of each recipient of assistance and an explanation of the decision-making process underlying such disbursal; (2) the number of employees of each recipient and the date on which such assistance was disbursed; (3) an identification of each lender or intermediary through which assistance was disbursed; and (4) the amount of assistance disbursed to small businesses owned and controlled by socially and economically disadvantaged individuals, women, and veterans.
Bill titles: To require the Administrator of the Small Business Administration to submit a report on recipients of assistance under the paycheck protection program and the economic injury disaster loan program, and for other purposes.
Links for more info on the vote: congress.gov