Section 1 Short title
This Act may be cited as the “PPP Data and Diversity Accountability Act of 2020”.
PPP Data and Diversity Accountability Act of 2020
A BILL
To amend the Small Business Act to require collection and reporting of demographic data for applicants of the Paycheck Protection Program, and for other purposes.
Sec. 2 Reporting of demographic data for applicants to the paycheck protection program
Section 7(a)(36) of the Small Business Act (15 U.S.C. 636(a)(36)) is amended by inserting the following new subparagraph:
“(T) Data collection and report—The Administrator shall develop and implement a process for the systematic collection of demographic data of recipients of assistance under this paragraph and the number of loans approved and denied under this paragraph. Such data shall specify whether applicants are women, veterans, or minorities, disaggregated by race in a manner that captures all the racial groups specified in the American Community Survey conducted by the Bureau of the Census. Not less frequently than quarterly, the Administrator shall submit to Congress a report containing the results of this data collection.”