US HB6751 | 2019-2020 | 116th Congress

Status

Spectrum: Strong Partisan Bill (Democrat 14-1)
Status: Introduced on May 8 2020 - 25% progression
Action: 2020-05-08 - Referred to the House Committee on Small Business.
Pending: House Small Business Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Caring for Startup Employees Act of 2020 This bill expands the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to encompass certain small businesses that have accepted funding from an investment company. The investment company may not be a majority stakeholder of the small business, and the small business may not distribute any proceeds of a program loan to the investment company, including through dividends, redemptions, security repurchases, or other transfers or transactions.

Tracking Information

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Title

Caring for Startup Employees Act of 2020

Sponsors


History

DateChamberAction
2020-05-08HouseReferred to the House Committee on Small Business.
2020-05-08HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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