Summary: H.R.6751 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.6751. Bill summaries are authored by CRS.

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Introduced in House (05/08/2020)

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.