,,ii #aafth ,,congress #b;d ,session ,s4 #ddee ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,august #e1 #bjbj,ms4 ,harris 7for herself1 ,mr4 ,udall1 ,mrs4 ,gillibrand1 ,mrs4 ,feinstein1 ,ms4 ,klobuchar1 ,ms4 ,smith1 ,mr4 ,merkley1 and ,mr4 ,heinrich7 introduced the following bill2 which was read twice and referred to the ,committee on ,small ,business and ,entrepreneurship ,a ,,bill ,to require reporting on the paycheck protection program of the ,small ,business ,administration1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,paycheck ,protection ,program ,transparency ,act of #bjbj4 #b4 ,definitions ,in this ,act3 7#a7 ,administration2 ,administrator ,the terms ,administration and ,administrator mean the ,small ,business ,administration and the ,administrator thereof1 respectively4 7#b7 ,borrower ,the term borrower includes1 whether for profit or nonprofit-- 7,a7 a corporation2 7,b7 an association2 7,c7 a partnership2 7,d7 a limited liability company2 7,e7 a limited liability partnership2 7,f7 a sole proprietorship2 7,g7 any other legal business entity2 or 7,h7 any ,state or locality4 7#c7 ,lender ,the term lender means any lender or intermediary1 as defined in section #g7m7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7m771 that disbursed a ,paycheck ,protection ,program ,loan4 7#d7 ,paycheck ,protection ,program ,loan ,the term ,paycheck ,protection ,program ,loan means a covered loan under section #g7;a77#cf7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;a77#cf774 7#e7 ,secretary ,the term ,secretary means the ,secretary of the ,treasury4 #c4 ,full disclosure of entities receiving paycheck protection program loans 7a7 ,borrowers ,not later than #cj calendar days after the date of enactment of this ,act1 the ,administration shall establish a single searchable website that-- 7#a7 shall be updated every #g calendar days thereafter2 7#b7 is accessible by the public at no cost in a downloadable in a structured data format2 and 7#c7 includes1 with respect to each ,paycheck ,protection ,program ,loan borrower-- 7,a7 the name of the borrower2 7,b7 the amount received by the borrower under a ,paycheck ,protection ,program ,loan1 and the date of such receipt2 7,c7 the location of the borrower1 including the city1 ,state1 congressional district1 and #e-;digit ,,zip ,code2 7,d7 the number of employees of the borrower as of the date described in subparagraph 7,b72 7,e7 whether the borrower is-- 7i7 a small business concern owned and controlled by socially and economically disadvantaged individuals1 as defined in section #h7;d77#c77;,c7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcg7;d77#c77;,c772 7ii7 a small business concern owned and controlled by women1 as defined in section #c of such ,act 7#ae ,u4,s4,c4 #fcb72 or 7iii7 a small business concern owned and controlled by veterans1 as defined in section #c of such ,act 7#ae ,u4,s4,c4 #fcb72 7,f7 the ,north ,american ,industry ,classification ,system code for the industry in which the borrower operates2 7,g7 the tax status of the borrower2 and 7,h7 the amount of a ,paycheck ,protection ,program ,loan returned1 if applicable4 7b7 ,lenders ,not later than #cj days after the date of enactment of this ,act1 the ,administration shall establish a single searchable website that-- 7#a7 shall be updated every #g calendar days thereafter2 7#b7 is accessible by the public at no cost in a downloadable in a structured data format2 7#c7 includes1 with respect to each lender of a ,paycheck ,protection ,program ,loan-- 7,a7 the name of the lender2 7,b7 the physical location of the lender1 including the city1 ,state1 congressional district1 and #e-;digit ,,zip ,code2 7,c7 the number of ,paycheck ,protection ,program ,loans disbursed by the lender2 7,d7 the aggregate value of ,paycheck ,protection ,program ,loans disbursed by the lender2 7,e7 the average value of ,paycheck ,protection ,program ,loans disbursed by the lender2 and 7,f7 the total fees collected by the lender with respect to ,paycheck ,protection ,program ,loans2 and 7#d7 includes-- 7,a7 the number of lenders that are community development financial institutions1 as defined in section #ajc of the ,riegle ,community ,development and ,regulatory ,improvement ,act of #aiid 7#ab ,u4,s4,c4 #dgjb772 and 7,b7 the number of lenders that are minority depository institutions1 as defined in section #cjh of the ,financial ,institutions ,reform1 ,recovery1 and ,enforcement ,act of #aihi 7#ab ,u4,s4,c4 #adfc note74 7c7 ,consultation ,in establishing the websites required under this section1 the ,administration shall consult with service delivery units in the ,federal ,government1 including those units in the ,general ,services ,administration4 #d4 ,report ,not later than #cj calendar days after the date of enactment of this ,act1 the ,inspector ,general of the ,administration shall submit to the ,committee on ,banking1 ,housing1 and ,urban ,affairs and the ,committee on ,small ,business and ,entrepreneurship of the ,senate1 the ,committee on ,financial ,services and the ,committee on ,small ,business of the ,house of ,representatives1 the ,congressional ,oversight ,commission established under section #djbj of the ,,cares ,act 7,public ,law #aaf-acf71 and the ,pandemic ,response ,accountability ,committee established under section #aejaj of the ,,cares ,act 7,public ,law #aaf-acf7 a report1 which shall-- 7#a7 be posted on each website established under section #c2 and 7#b7 include-- 7,a7 information on the status of ,paycheck ,protection ,program ,loans1 including when the loans are closed2 7,b7 information on ,paycheck ,protection ,program ,loans that were made and those that were returned2 7,c7 information on the ,paycheck ,protection ,program ,loans that were forgiven1 which shall include data disaggregated by the proceeds of the loan that were used for each of the costs and payments described in section #aajf7;b7 of the ,,cares ,act 7,public ,law #aaf-acf72 7,d7 data on any borrowers of ,paycheck ,protection ,program ,loans that have connections to ,federal ,government officials2 7,e7 data on minority access to ,paycheck ,protection ,program ,loans1 including information on-- 7i7 minority borrowers1 disaggregated by race2 7ii7 the percentage of borrowers that are women1 veterans1 or minorities2 and 7iii7 the number of denials and acceptances for minority borrowers2 and 7,f7 a plan for the regular collection of the data described in subparagraph 7,e74 #e4 ,prohibition on use of funds for certain salaries ,none of the funds authorized to be appropriated under the ,,cares ,act 7,public ,law #aaf-acf7 or otherwise made available for fiscal year #bjbj for the ,department of the ,treasury or the ,administration may be obligated or expended to pay the salary of the ,secretary1 the ,administrator1 or any political appointee of the ,department of the ,treasury or the ,administration unless the ,pandemic ,response ,accountability ,committee established under section #aejaj of the ,,cares ,act 7,public ,law #aaf-acf7 certifies in writing to the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate and the ,committee on ,financial ,services of the ,house of ,representatives that the ,administrator has established each website required under section #c4 #f4 ,implementation of ,equal ,credit ,opportunity ,act ,the ,bureau of ,consumer ,financial ,protection shall implement the requirements under section #gjd;,b to the ,equal ,credit ,opportunity ,act 7#ae ,u4,s4,c4 #afia;c-#b7 with respect to data provided under this ,act related to ,paycheck ,protection ,program ,loans4 #g4 ,amendment to ,pandemic ,response ,accountability ,committee ,section #aejaj7;a77#f77;,a7 of the ,,cares ,act 7,public ,law #aaf-acf7 is amended by inserting 1 without regard to the division of the ,act under which the funds were made available after this ,act4