PPP Shell Company Discovery Act

This bill requires the IRS to make three lists of businesses that received Paycheck Protection Program loans that were forgiven. The first list includes all businesses whose loans were forgiven. The second list includes forgiven loan recipients who did not withhold payroll taxes in 2019. The third list includes forgiven loan recipients whose total PPP loans were more than four times their highest monthly wages in 2019. Once the lists are finished, the IRS must tell the Department of Justice.

Your Vote