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S. 4670 116th Congress Senate

Preserving Equity on Main Street Act of 2020

Official title: A bill to amend the CARES Act to permit the Secretary of the Treasury to purchase, or to enable the purchase of, preferred equity positions in commercial real estate entities, and for other purposes.

Introduced: September 23, 2020 Introduced by: Jerry Moran Republican · Kansas See on congress.gov
Commerce Business investment and capitalCardiovascular and respiratory healthEmergency medical services and trauma careGovernment lending and loan guarantees
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Infectious and parasitic diseasesReal estate businessSecurities
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 23, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 23, 2020
Introduced in Senate
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 Latest action September 23, 2020

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

Preserving Equity on Main Street Act of 2020

This bill authorizes the Department of the Treasury to directly purchase, or provide guarantees to enable the purchase of, preferred equity positions in commercial real estate companies that require capital to satisfy outstanding debt obligations. Treasury may take these actions in order to provide assistance related to losses incurred as a result of COVID-19 (i.e., coronavirus disease 2019).

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 1 Republican 2
R
Rounds, Mike
South Dakota · Sep 23, 2020
 D
Shaheen, Jeanne
New Hampshire · Sep 23, 2020
 R
Tillis, Thomas
North Carolina · Sep 23, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4670: Preserving Equity on Main Street Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-S-4670/
MLA
"S. 4670: Preserving Equity on Main Street Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-4670/.
Bluebook (legal)
S. 4670, 116th Cong. (2026), https://openamerica.io/bill/116-S-4670/.
Markdown link
[S. 4670: Preserving Equity on Main Street Act of 2020](https://openamerica.io/bill/116-S-4670/)
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