Caring for Startup Employees Act of 2020
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (May 8, 2020)
Caring for Startup Employees Act of 2020
This bill expands the Paycheck Protection Program, established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to encompass certain small businesses that have accepted funding from an investment company.
The investment company may not be a majority stakeholder of the small business, and the small business may not distribute any proceeds of a program loan to the investment company, including through dividends, redemptions, security repurchases, or other transfers or transactions.
What just happenedMay 8, 2020
Referred to the House Committee on Small Business.
Who’s behind it
- Introduced in HouseMay 8, 2020
- May 8, 2020IntroReferralH11100
Referred to the House Committee on Small Business.
Small Business Committee - May 8, 2020IntroReferralIntro-H
Introduced in House
- May 8, 2020IntroReferral1000
Introduced in House