S. 4670 · 116th Congress
Preserving Equity on Main Street Act of 2020
- Stage
- In committee
- Sponsor
- Jerry Moran
- Introduced
- 2020-09-23
- Latest action
- 2020-09-23 · Introduced in Senate
Summary
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).