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  <bill>
    <number>8675</number>
    <updateDate>2023-01-11T13:44:29Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:44:29Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <type>HR</type>
    <introducedDate>2020-10-23</introducedDate>
    <congress>116</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 166, Number 182 (Friday, October 23, 2020)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. LOUDERMILK:H.R. 8675.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the Constitution.[Page H5706]</pre>]]></constitutionalAuthorityStatementText>
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        <name>Financial Services Committee</name>
        <chamber>House</chamber>
        <type>Standing</type>
        <activities>
          <item>
            <name>Referred to</name>
            <date>2020-10-23T15:31:05Z</date>
          </item>
        </activities>
      </item>
    </committees>
    <actions>
      <item>
        <actionDate>2020-10-23</actionDate>
        <text>Referred to the House Committee on Financial Services.</text>
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        <actionCode>H11100</actionCode>
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          <name>House floor actions</name>
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            <name>Financial Services Committee</name>
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        <actionDate>2020-10-23</actionDate>
        <text>Introduced in House</text>
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          <name>Library of Congress</name>
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      <item>
        <actionDate>2020-10-23</actionDate>
        <text>Introduced in House</text>
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        <actionCode>1000</actionCode>
        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
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    </actions>
    <sponsors>
      <item>
        <bioguideId>L000583</bioguideId>
        <fullName>Rep. Loudermilk, Barry [R-GA-11]</fullName>
        <firstName>Barry</firstName>
        <lastName>Loudermilk</lastName>
        <party>R</party>
        <state>GA</state>
        <district>11</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>S001157</bioguideId>
        <fullName>Rep. Scott, David [D-GA-13]</fullName>
        <firstName>David</firstName>
        <lastName>Scott</lastName>
        <party>D</party>
        <state>GA</state>
        <district>13</district>
        <sponsorshipDate>2020-10-23</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>L000491</bioguideId>
        <fullName>Rep. Lucas, Frank D. [R-OK-3]</fullName>
        <firstName>FRANK</firstName>
        <lastName>LUCAS</lastName>
        <party>R</party>
        <state>OK</state>
        <middleName>D.</middleName>
        <district>3</district>
        <sponsorshipDate>2020-10-23</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>S001187</bioguideId>
        <fullName>Rep. Stivers, Steve [R-OH-15]</fullName>
        <firstName>Steve</firstName>
        <lastName>Stivers</lastName>
        <party>R</party>
        <state>OH</state>
        <district>15</district>
        <sponsorshipDate>2020-10-23</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>W000816</bioguideId>
        <fullName>Rep. Williams, Roger [R-TX-25]</fullName>
        <firstName>Roger</firstName>
        <lastName>Williams</lastName>
        <party>R</party>
        <state>TX</state>
        <district>25</district>
        <sponsorshipDate>2020-10-23</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>B001305</bioguideId>
        <fullName>Rep. Budd, Ted [R-NC-13]</fullName>
        <firstName>Ted</firstName>
        <lastName>Budd</lastName>
        <party>R</party>
        <state>NC</state>
        <district>13</district>
        <sponsorshipDate>2020-10-23</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>K000392</bioguideId>
        <fullName>Rep. Kustoff, David [R-TN-8]</fullName>
        <firstName>David</firstName>
        <lastName>Kustoff</lastName>
        <party>R</party>
        <state>TN</state>
        <district>8</district>
        <sponsorshipDate>2020-10-23</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>H001074</bioguideId>
        <fullName>Rep. Hollingsworth, Trey [R-IN-9]</fullName>
        <firstName>Trey</firstName>
        <lastName>Hollingsworth</lastName>
        <party>R</party>
        <state>IN</state>
        <district>9</district>
        <sponsorshipDate>2020-10-23</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>R000612</bioguideId>
        <fullName>Rep. Rose, John W. [R-TN-6]</fullName>
        <firstName>John</firstName>
        <lastName>Rose</lastName>
        <party>R</party>
        <state>TN</state>
        <middleName>W.</middleName>
        <district>6</district>
        <sponsorshipDate>2020-10-23</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>R000611</bioguideId>
        <fullName>Rep. Riggleman, Denver [R-VA-5]</fullName>
        <firstName>Denver</firstName>
        <lastName>Riggleman</lastName>
        <party>R</party>
        <state>VA</state>
        <district>5</district>
        <sponsorshipDate>2020-10-23</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>T000479</bioguideId>
        <fullName>Rep. Taylor, Van [R-TX-3]</fullName>
        <firstName>Van</firstName>
        <lastName>Taylor</lastName>
        <party>R</party>
        <state>TX</state>
        <district>3</district>
        <sponsorshipDate>2020-10-23</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>L000569</bioguideId>
        <fullName>Rep. Luetkemeyer, Blaine [R-MO-3]</fullName>
        <firstName>Blaine</firstName>
        <lastName>Luetkemeyer</lastName>
        <party>R</party>
        <state>MO</state>
        <district>3</district>
        <sponsorshipDate>2020-11-02</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>F000466</bioguideId>
        <fullName>Rep. Fitzpatrick, Brian K. [R-PA-1]</fullName>
        <firstName>Brian</firstName>
        <lastName>Fitzpatrick</lastName>
        <party>R</party>
        <state>PA</state>
        <middleName>K.</middleName>
        <district>1</district>
        <sponsorshipDate>2020-11-12</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>P000599</bioguideId>
        <fullName>Rep. Posey, Bill [R-FL-8]</fullName>
        <firstName>Bill</firstName>
        <lastName>Posey</lastName>
        <party>R</party>
        <state>FL</state>
        <district>8</district>
        <sponsorshipDate>2020-11-16</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>M001195</bioguideId>
        <fullName>Rep. Mooney, Alexander X. [R-WV-2]</fullName>
        <firstName>Alexander</firstName>
        <lastName>Mooney</lastName>
        <party>R</party>
        <state>WV</state>
        <middleName>X.</middleName>
        <district>2</district>
        <sponsorshipDate>2020-11-16</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>F000465</bioguideId>
        <fullName>Rep. Ferguson, A. Drew, IV [R-GA-3]</fullName>
        <firstName>A.</firstName>
        <lastName>Ferguson</lastName>
        <party>R</party>
        <state>GA</state>
        <middleName>Drew</middleName>
        <district>3</district>
        <sponsorshipDate>2020-11-17</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>B001282</bioguideId>
        <fullName>Rep. Barr, Andy [R-KY-6]</fullName>
        <firstName>Andy</firstName>
        <lastName>Barr</lastName>
        <party>R</party>
        <state>KY</state>
        <district>6</district>
        <sponsorshipDate>2020-11-19</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Finance and Financial Sector</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Administrative remedies</name>
        </item>
        <item>
          <name>Bank accounts, deposits, capital</name>
        </item>
        <item>
          <name>Business expenses</name>
        </item>
        <item>
          <name>Cardiovascular and respiratory health</name>
        </item>
        <item>
          <name>Emergency medical services and trauma care</name>
        </item>
        <item>
          <name>Government lending and loan guarantees</name>
        </item>
        <item>
          <name>Infectious and parasitic diseases</name>
        </item>
        <item>
          <name>Small business</name>
        </item>
        <item>
          <name>Wages and earnings</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Finance and Financial Sector</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2020-10-23</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2020-12-21T15:27:19Z</updateDate>
        <text><![CDATA[ <p><b>Preventing Regulatory Penalties for PPP Lenders Act </b></p> <p>This bill prohibits federal banking agencies from including Paycheck Protection Program loans as assets when calculating capital ratios, deposit insurance premiums, and other asset thresholds for certain small financial institutions. </p>]]></text>
      </summary>
    </summaries>
    <title>Preventing Regulatory Penalties for PPP Lenders Act</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>Preventing Regulatory Penalties for PPP Lenders Act</title>
      </item>
      <item>
        <titleType>Short Title(s) as Introduced</titleType>
        <title>Preventing Regulatory Penalties for PPP Lenders Act</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To require the Federal banking agencies to exclude Paycheck Protection Program loans from certain asset calculations.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in House</type>
        <date>2020-10-23T04:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-116hr8675ih/xml/BILLS-116hr8675ih.xml</url>
          </item>
        </formats>
      </item>
    </textVersions>
    <latestAction>
      <actionDate>2020-10-23</actionDate>
      <text>Referred to the House Committee on Financial Services.</text>
    </latestAction>
  </bill>
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    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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