Today, by a vote of 212-205, the House of Representatives passed H.R. 2799 - Expanding Access to Capital Act, the Financial Services Committee’s package to facilitate capital formation by strengthening our public markets, helping small businesses and entrepreneurs, and creating new opportunities for all investors. H.R. 2799 contains Congressman William Timmons’ (SC-04) bill,… Read more »

To crack down on criminals who defrauded the Paycheck Protection Program (PPP), Congressman William Timmons (SC-04) introduced H.R. 1476, the PPP Shell Company Discovery Act. H.R. 1476 will create a report of PPP loan recipients who 1) had no tax withholdings in calendar year 2019 and 2) received loans four times greater than their highest payroll amount during calendar year 2019. These… Read more »

Rep. William Timmons (R-SC) and Rep. Mike Levin (D-CA) recently introduced the Building Credit Access for Veterans Act to help expand credit options for veterans and members of the Armed Forces who are eligible for Department of Veterans Affairs (VA) housing or small business loans and have an insufficient credit history. This bill requires the VA to implement a pilot program to assess… Read more »

Rep. William Timmons (R-SC) and Rep. Mike Levin (D-CA) recently introduced H.R. 8758, the Building Credit Access for Veterans Act to help expand credit options for veterans and members of the Armed Forces who are eligible for Department of Veterans Affairs (VA) housing or small business loans and have an insufficient credit history. This bill requires the VA to evaluate the use of… Read more »

Congressman William Timmons (SC-04) released the following statement after voting against the Democrats' latest spending bill. “Americans are feeling the effects of the Biden economy and 40-year-high-inflation at the grocery store, at the pump, and at the end of the month trying to make ends meet. Instead of real relief from the rising costs, today Democrats handed the American people… Read more »

In response to the preliminary estimate released by the Bureau of Economic Analysis showing that real gross domestic product (GDP) decreased at an annual rate of 0.9% in the second quarter of 2022, marking two consecutive quarters of negative GDP growth, Congressman William Timmons (SC-04) released the following statement: “No matter how the Biden Administration tries to spin it,… Read more »

Congressman William Timmons (SC-04) and Senator Tim Scott (R-SC) sent a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra regarding a new data collection rule that would place undue burden on South Carolina small business owners, farmers, and lenders. “We feel that the CFPB has failed to take the appropriate steps to engage with these institutions on this… Read more »

My legislation, the COVID-19 Individual Liberty Act, will block these unconstitutional mandates, recognize that natural immunity is real, prevent the federal government from imposing vaccine passports, and restore individual liberty to the American people. Read more »

Washington, DC — Congressman William Timmons (SC-04) recently introduced H.R. 4243, the Improving Capital Allocation for Newcomers (ICAN) Act of 2021. This bill modifies the Qualifying Venture Capital Fund Exemption under Section 3(c)(1) of the Investment Company Act of 1940 by increasing the cap from $10 million to $150 million and increasing the allowable number of investors from 250 to… Read more »

Today, Acting Assistant Attorney General Brian C. Rabbitt of the Criminal Division announced new charges and progress in Paycheck Protection Program Fraud cases. Since the program was enacted, 57 people have been charged with Paycheck Protection Program fraud. Congressman William Timmons (SC-04) released the following statement: “I applaud the Department of Justice for taking… Read more »