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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (1)

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To require the Secretary of the Treasury to establish a HOPE Preferred Equity Facility to guarantee certain financial investments of commercial borrowers affected by COVID-19, and for other purposes.


Actions Overview (1)

Date Actions Overview
07/29/2020Introduced in House

All Actions (2)

Date All Actions
07/29/2020Referred to the House Committee on Financial Services.
Action By: House of Representatives
07/29/2020Introduced in House
Action By: House of Representatives

Cosponsors (78)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Lawson, Al, Jr. [D-FL-5]* 07/29/2020
Rep. Barr, Andy [R-KY-6]* 07/29/2020
Rep. Kustoff, David [R-TN-8] 07/31/2020
Rep. Hagedorn, Jim [R-MN-1] 07/31/2020
Rep. Rouda, Harley [D-CA-48] 08/04/2020
Rep. Grothman, Glenn [R-WI-6] 08/04/2020
Rep. Gonzalez, Vicente [D-TX-15] 08/04/2020
Rep. Fitzpatrick, Brian K. [R-PA-1] 08/07/2020
Rep. Guest, Michael [R-MS-3] 08/07/2020
Rep. McMorris Rodgers, Cathy [R-WA-5] 08/07/2020
Rep. Pence, Greg [R-IN-6] 08/07/2020
Rep. Case, Ed [D-HI-1] 08/11/2020
Rep. Rouzer, David [R-NC-7] 08/11/2020
Rep. Reed, Tom [R-NY-23] 08/21/2020
Rep. Reschenthaler, Guy [R-PA-14] 08/21/2020
Rep. Posey, Bill [R-FL-8] 08/21/2020
Rep. Van Drew, Jefferson [R-NJ-2] 08/21/2020
Rep. Bishop, Dan [R-NC-9] 08/21/2020
Rep. Norman, Ralph [R-SC-5] 08/21/2020
Rep. Westerman, Bruce [R-AR-4] 08/21/2020
Rep. Hudson, Richard [R-NC-8] 08/21/2020
Rep. Crist, Charlie [D-FL-13] 08/22/2020
Rep. Phillips, Dean [D-MN-3] 08/22/2020
Rep. Bacon, Don [R-NE-2] 08/25/2020
Rep. Stivers, Steve [R-OH-15] 08/25/2020
Rep. Budd, Ted [R-NC-13] 08/25/2020
Rep. Bergman, Jack [R-MI-1] 08/25/2020
Rep. Gonzalez, Anthony [R-OH-16] 09/04/2020
Rep. Moolenaar, John R. [R-MI-4] 09/04/2020
Rep. Schweikert, David [R-AZ-6] 09/11/2020
Rep. Katko, John [R-NY-24] 09/11/2020
Rep. Walberg, Tim [R-MI-7] 09/11/2020
Rep. Latta, Robert E. [R-OH-5] 09/11/2020
Rep. Carter, John R. [R-TX-31] 09/11/2020
Rep. Cunningham, Joe [D-SC-1] 09/11/2020
Rep. Harder, Josh [D-CA-10] 09/11/2020
Rep. Grijalva, Raul M. [D-AZ-3] 09/11/2020
Rep. Upton, Fred [R-MI-6] 09/11/2020
Rep. Lesko, Debbie [R-AZ-8] 09/14/2020
Rep. Horn, Kendra S. [D-OK-5] 09/14/2020
Rep. Baird, James R. [R-IN-4] 09/14/2020
Rep. Byrne, Bradley [R-AL-1] 09/15/2020
Rep. Hern, Kevin [R-OK-1] 09/15/2020
Rep. Huizenga, Bill [R-MI-2] 09/16/2020
Rep. Wilson, Joe [R-SC-2] 09/16/2020
Rep. Gooden, Lance [R-TX-5] 09/16/2020
Rep. Webster, Daniel [R-FL-11] 09/16/2020
Rep. Mooney, Alexander X. [R-WV-2] 09/16/2020
Rep. Hastings, Alcee L. [D-FL-20] 09/16/2020
Rep. Bucshon, Larry [R-IN-8] 09/17/2020
Rep. Graves, Tom [R-GA-14] 09/17/2020
Rep. Riggleman, Denver [R-VA-5] 09/22/2020
Rep. Torres, Norma J. [D-CA-35] 09/22/2020
Rep. Curtis, John R. [R-UT-3] 09/22/2020
Rep. Walorski, Jackie [R-IN-2] 09/22/2020
Rep. Slotkin, Elissa [D-MI-8] 09/22/2020
Rep. Stauber, Pete [R-MN-8] 09/23/2020
Rep. Smith, Jason [R-MO-8] 09/23/2020
Rep. Ruiz, Raul [D-CA-36] 09/24/2020
Rep. Keller, Fred [R-PA-12] 09/29/2020
Rep. Wagner, Ann [R-MO-2] 09/29/2020
Rep. Foster, Bill [D-IL-11] 09/29/2020
Rep. Tiffany, Thomas P. [R-WI-7] 09/29/2020
Rep. Loudermilk, Barry [R-GA-11] 09/30/2020
Rep. Rooney, Francis [R-FL-19] 09/30/2020
Rep. Krishnamoorthi, Raja [D-IL-8] 10/01/2020
Rep. LaHood, Darin [R-IL-18] 10/01/2020
Rep. Bera, Ami [D-CA-7] 10/01/2020
Rep. Quigley, Mike [D-IL-5] 10/01/2020
Rep. Trone, David J. [D-MD-6] 10/09/2020
Rep. Comer, James [R-KY-1] 10/09/2020
Rep. Cole, Tom [R-OK-4] 10/16/2020
Rep. Stevens, Haley M. [D-MI-11] 10/16/2020
Rep. Cuellar, Henry [D-TX-28] 10/20/2020
Rep. Napolitano, Grace F. [D-CA-32] 10/23/2020
Rep. Murphy, Stephanie N. [D-FL-7] 10/23/2020
Rep. Joyce, David P. [R-OH-14] 11/02/2020
Rep. Emmer, Tom [R-MN-6] 12/02/2020

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Financial Services07/29/2020 Referred to

As of 12/11/2020 no related bill information has been received for H.R.7809 - HOPE Act of 2020


Latest Summary (1)

There is one summary for H.R.7809. View summaries

Shown Here:
Introduced in House (07/29/2020)

Helping Open Properties Endeavor Act of 2020 or the HOPE Act of 2020

This bill establishes an equity facility in the Department of the Treasury to assist commercial mortgage borrowers. Specifically, Treasury must guarantee the purchase by financial institutions of certain equity instruments backed by a commercial mortgage. The bill defines commercial mortgage as a mortgage loan secured by an interest in real property owned for rental income. Borrowers with reduced revenues from their commercial property may qualify for an amount not to exceed 10% of the outstanding amount owed on their commercial mortgage.

The bill sets forth eligibility requirements for borrowers, as well as requirements for the equity instruments, including rates, fees, repayment, and the rights of purchasers.