Preserving Equity on Main Street Act of 2020
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Sep 23, 2020)
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 just happenedSep 23, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
- Introduced in SenateSep 23, 2020
- Sep 23, 2020IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Sep 23, 2020IntroReferral10000
Introduced in Senate