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House bill · H.R. 324 (119th Congress)

PPP Shell Company Discovery Act

U.S. House of Representatives

Latest action Jan 9, 2025

Sponsor: William R. Timmons IV (U.S. Representative, SC-4, Republican)

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From Congress.gov and official rosters. This record was last updated Jul 30, 2026. About our data

Summary

PPP Shell Company Discovery Act This 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.

Summary from the Congressional Research Service. How we handle summaries

Where it stands

Assigned to a committee for review.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

House Committee on Small Business · U.S. House of Representatives

Also referred to House Committee on Ways and Means · U.S. House of Representatives.

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Full history

  1. Jan 9, 2025

    Introduced

    Introduced in House

    U.S. House of Representatives

  2. Jan 9, 2025

    Introduced

    Introduced in U.S. House

    U.S. House

  3. Jan 9, 2025

    Referred to committee

    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. Jan 9, 2025

    Referred to committee

    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.

  5. Jan 9, 2025

    Referred to committee

    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.

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