Us Congress 2025-2026 Regular Session

Us Congress House Bill HB324

Introduced
1/9/25  

Caption

PPP Shell Company Discovery ActThis bill requires the Internal Revenue Service (IRS) to compile a list of Paycheck Protection Program (PPP) loan recipients whose loans were forgiven under the program.Additionally, the IRS must compile (1) a list of such loan recipients who did not withhold payroll taxes in 2019, and (2) a list of loan such recipients for which the aggregate amount of PPP loans exceeded four times the greatest amount of wages paid by the recipient during a calendar month in 2019.The IRS must notify the Department of Justice when the lists are complete.

Congress_id

119-HR-324

Policy_area

Commerce

Introduced_date

2025-01-09

Companion Bills

No companion bills found.

Similar Bills

No similar bills found.