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- S.4670
S.4670: Preserving Equity on Main Street Act of 2020
About This Bill
- Introduced Sept. 23, 2020
- Latest Major Action Sept. 23, 2020
Bill Sponsor
Bill Cosponsors
4 (1 Democrat, 3 Republicans)
Bill Version
- Introduced in Senate - Sept. 23, 2020
Bill 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).
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Sept. 23, 2020 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
| Sept. 23, 2020 |
Introduced in the Senate by Jerry Moran (R-Kan.) |