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S. 49: No CFPB in the PPP Act

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A bill to prohibit the Bureau of Consumer Financial Protection from overseeing lending institutions' participation in the Paycheck Protection Program.

The bill’s titles are written by its sponsor.

Sponsor and status

Photo of sponsor Mike Lee

Mike Lee

Sponsor. Senior Senator for Utah. Republican.

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Last Updated: Jan 26, 2021
Length: 2 pages
Introduced
Jan 26, 2021
117th Congress (2021–2023)
Status

Introduced on Jan 26, 2021

This bill is in the first stage of the legislative process. It was introduced into Congress on January 26, 2021. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.

Cosponsors

1 Cosponsor (1 Republican)

Prognosis
3% chance of being enacted according to Skopos Labs (details)
Source
Congress.gov

History

Jan 26, 2021
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

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If this bill has further action, the following steps may occur next:
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Passed Committee

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Passed Senate

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Passed House

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Signed by the President

S. 49 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number S. 49. This is the one from the 117th Congress.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“S. 49 — 117th Congress: No CFPB in the PPP Act.” www.GovTrack.us. 2021. June 18, 2021 <https://www.govtrack.us/congress/bills/117/s49>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.