Library / Laws / 117th / hr / H.R. 8211 / Introduced in House
I
117th CONGRESS
2d Session
H. R. 8211
IN THE HOUSE OF REPRESENTATIVES
June 23, 2022Mr. Mullin introduced the following bill; which was referred to the Committee on Small Business
A BILL
To require the return of amounts loaned under the Paycheck Protection Program of the Small Business Administration used for illegal activities, and for other purposes.
1.
Return of PPP amounts used for illegal activity
The Administrator of the Small Business Administration shall ensure that a person that received a covered loan under paragraph (36) or (37) of section 7(a) of the Small Business Act (15 U.S.C. 636(a)) and used any amount of such covered loan to conduct an illegal activity shall return the entire amount of such covered loan to the Treasury.