HR. 324In Committee
PPP Shell Company Discovery Act
Require the IRS to identify forgiven Paycheck Protection Program loan recipients and flag cases suggesting shell company or payroll irregularities for Justice Department notice
Plain-English overview
What this bill does
Require the IRS to identify forgiven Paycheck Protection Program loan recipients and flag cases suggesting shell company or payroll irregularities for Justice Department notice
Key points
- Require forgiven PPP recipient lists
- Require payroll tax nonwithholder list
- Require excessive loan amount list
- Direct Justice Department notification
Current status
Where it stands
Status
In Committee
Latest action
2025-01-09 — Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Related context
Topics and policy areas
undefinedCommerce