,,ii  #aafth ,,congress  #b;d ,session  
,s4 #dfgj  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,september #bc1
 #bjbj,mr4 ,moran 7for himself1 ,mrs4   
,shaheen1 ,mr4 ,rounds1 ,mr4 ,blunt1 and
 ,mr4 ,tillis7 introduced the following 
bill2 which was read twice and referred 
to the ,committee on ,banking1 ,housing1
 and ,urban ,affairs  ,a ,,bill  ,to    
amend the ,,cares ,act to permit the    
,secretary of the ,treasury to purchase1
 or to enable the purchase of1 preferred
 equity positions in commercial real    
estate entities1 and for other purposes4
  #a4 ,short title ,this ,act may be    
cited as the ,preserving ,equity on     
,main ,street ,act of #bjbj4  #b4       
,commercial real estate preferred equity
 investments ,section #djjc7;b77#d7 of  
the ,,cares ,act 7#ae ,u4,s4,c4         
#ijdb7;b77#d77 is amended-- 7#a7 by     
redesignating subparagraphs 7,a71 7,b71 
and 7,c7 as clauses 7i71 7ii71 and      
7iii71 respectively2  7#b7 by inserting 
7,a7 after 7#d72  7#c7 in subparagraph  

7,a71 as so redesignated-- 7,a7 in      
clause 7ii71 as so redesignated1 by     
striking or at the end2  7,b7 in clause 
7iii71 as so redesignated1 by striking  
the period at the end and inserting 2   
or2 and  7,c7 by adding at the end the  
following3  7iv7 purchasing preferred   
equity positions in commercial real     
estate companies that require capital to
 satisfy outstanding debt obligations1  
which the ,secretary1 acting alone or in
 concert with the ,board of ,governors  
of the ,federal ,reserve ,system1 may   
achieve by-- 7,i7 directly purchasing   
those positions2 or  7,,ii7 providing   
full or partial guarantees of those     
positions to financial institutions to  
enable the financial institutions to    
purchase those positions4  2 and  7#d7  
by adding at the end the following3     
7,b7 ,if the appropriate ,federal       
banking agency 7as that term is defined 
in section #c of the ,federal ,deposit  
,insurance ,act 7#ab ,u4,s4,c4 #ahac77  
or the ,national ,credit ,union         

,administration ,board applies a        
risk-based capital requirement of the   
applicable agency to a preferred equity 
position for which there is a full or   
partial guarantee provided under        
subparagraph 7,a77iv77,,ii71 that       
position shall receive a risk weight of 
zero percent for the purposes of the    
application of that requirement4  4