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Publication

Resounding Success: A Review of the Paycheck Protection Program

House Committee on Oversight and Reform
; 
Select Subcommittee on the Coronavirus Crisis
Abstract
The Select Subcommittee on the Coronavirus Crisis of the House Committee on Oversight and Reform examined the Paycheck Protection Program (PPP) which aimed to support small businesses during the pandemic. More than 4.9 million PPP loans, totaling $342.3 billion, were distributed through various financial institutions, saving over 51 million jobs. PPP's focus on rapid fund distribution prevented economic collapse, and forgiveness incentives ensured funds were used for employee retention.
Date
2020-09-01
Document Type
House Minority Staff Report
Serial Number
Document Length
23 pages
Congress
116
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2020-09-01_R-Resounding_Success-Review_of_the_PPP-116C.pdf
Adobe PDF, 433.16 KB
URI
https://hdl.handle.net/20.500.14300/1313
Relation
DOI
Keywords
Staff Reports
PAP Major Code
15: Banking, Finance, and Domestic Commerce
PAP Minor Code
1500: General
Related Hearings
Press Releases and Contextual Information
https://web.archive.org/web/20230614233806/https://oversight.house.gov/report/resounding-success-a-review-of-the-paycheck-protection-program/
Collections
House Oversight Committee