Proposal:Caring for Startup Employees Act of 2020

This proposal is archived and closed to further debate. It was introduced in the 116th Congress, which has concluded, and the bill was not enacted into law.

Bill	HR 6751
Type of Legislation	House Bill
Congress	116
Source	View original on Congress.gov

Geographic Scope

National

Description

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.

Bill Title

Caring for Startup Employees Act of 2020

Linked Goals

• Goal:Promote General Welfare

Steps

• 2020-05-08: Referred to the House Committee on Small Business.
• 2020-05-08: Introduced in House
• 2020-05-08: Introduced in House

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.