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H.R. 8675

BillFederalHouseIn Committee
To require the Federal banking agencies to exclude Paycheck Protection Program loans from certain asset calculations.
About This Bill
Committee
Latest Action · October 23, 2020
Referred to the House Committee on Financial Services.
Congress
116th (2019–2021)
Introduced
October 23, 2020
Sponsor
Rep. Barry LoudermilkR
Cosponsors (16)
1D 15R
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Summary

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Preventing Regulatory Penalties for PPP Lenders Act This bill prohibits federal banking agencies from including Paycheck Protection Program loans as assets when calculating capital ratios, deposit insurance premiums, and other asset thresholds for certain small financial institutions.

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