Caring for Startup Employees Act of 2020

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

D EshooSponsor

14 cosponsors · 13 D, 1 R

R McMorris Rodgers JC

1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

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.

What it does: CRS summary · Introduced in House · May 8, 2020

Caring for Startup Employees Act of 2020

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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Caring for Startup Employees Act of 2020

Latest action (May 8, 2020): Referred to the House Committee on Small Business.

Policy area: Commerce · Origin: House · Introduced: May 8, 2020

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.