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HR 324 · in committee · significant

PPP Shell Company Discovery Act

What this bill does

  • The IRS must compile lists of PPP loan recipients whose loans were forgiven.
  • Lists identify recipients who didn't withhold payroll taxes in 2019 and those who received excess loans.
  • The IRS notifies the Department of Justice when lists are complete for potential investigation.

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Community Threads

Started by Cosponsor

  1. 01

    How would identifying PPP recipients who didn't withhold payroll taxes in 2019 help distinguish between intentional fraud and administrative errors in loan administration?

  2. 02

    What resources would the Department of Justice need to investigate the potentially large number of cases this bill could refer?

  3. 03

    Should the IRS prioritize cases involving excess loans or unpaid payroll taxes, and how might that choice affect enforcement outcomes?

Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.

Sponsor · R-SC-4

William R. Timmons IV

Citizen cosponsors

0

In Congress

0/ 435

House Reps cosponsoring

Introduced 2025-01-09

Legislative timeline

  1. 2025-01-09 · IntroReferral

    Introduced in House

  2. 2025-01-09 · house · IntroReferral

    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.

  3. 2025-01-09 · house · IntroReferral

    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.

  4. 2025-01-09 · IntroReferral

    Introduced in House

Congress.gov ↗

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