HR 6751
116th Congress
House
Commerce
Business expenses
Business investment and capital
Cardiovascular and respiratory health
Emergency medical services and trauma care
Financial services and investments
Government lending and loan guarantees
Infectious and parasitic diseases
Small business
Wages and earnings
Caring for Startup Employees Act of 2020
Introduced: May 8, 2020
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 8, 2020
Referred to the House Committee on Small Business.
May 8, 2020
Introduced in House
Plain-English 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.
What's happening now
Referred to the House Committee on Small Business.
Committees of jurisdiction
1