TRACE Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jun 22, 2020)
Transparency Requirements Aimed at Congressional Expenditures Act or the TRACE Act
This bill requires a Member of Congress, spouse of a Member, or employee of Congress to submit a financial disclosure if a business that they own or control receives a loan under the Paycheck Protection Program for small businesses affected by COVID-19 (i.e., coronavirus disease 2019). The disclosure must include the name and address of the recipient's place of business and the amount of the loan.
What just happenedJun 22, 2020
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Who’s behind it
- Introduced in SenateJun 22, 2020
- Jun 22, 2020IntroReferral
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Homeland Security and Governmental Affairs Committee - Jun 22, 2020IntroReferral10000
Introduced in Senate