Senate Bill 4027
116th Congress(2019-2020)
TRACE Act
Introduced
Introduced in Senate on Jun 22, 2020
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4027
Congress
116
Policy Area
Congress
Congress
Primary focus of measure is Members of Congress; general congressional oversight; congressional agencies, committees, operations; legislative procedures; U.S. Capitol. Measures concerning oversight and investigation of specific matters may fall under the issue-specific relevant policy area.
No Senate votes have been held for this bill.
Summary
Transparency Requirements Aimed at Congressional Expenditures Act or the TRACE Act
This bill requires a Member of Congress, spouse of a Member, or employee of Congress to submit a financial disclosure if a business that they own or control receives a loan under the Paycheck Protection Program for small businesses affected by COVID-19 (i.e., coronavirus disease 2019). The disclosure must include the name and address of the recipient's place of business and the amount of the loan.
June 22, 2020
06/22/2020
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
06/22/2020
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:46:11 PM