Resounding Success: A Review of the Paycheck Protection Program

Thumbnail Image
Serial Number
Levin Center Identifier
Document Date
Report Length
23 pages
Policy Agendas Project Major Code
Policy Agendas Project Minor Code
Additional, Minority, Dissenting Views
Found Using Methodology
Idependent Author(s)
Brief Executive Summary
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.
Related Hearings
Authors–Congress Members
Authors–Staff Members
Authors–Ex Officio Members
Authors–Additional, Minority, Dissenting Views