S 4670
116th Congress
Senate
Commerce
Business investment and capital
Cardiovascular and respiratory health
Emergency medical services and trauma care
Government lending and loan guarantees
Infectious and parasitic diseases
Real estate business
Securities
Preserving Equity on Main Street Act of 2020
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
Plain-English summary
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).
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1