3.0.0 7809 2023-01-11T13:45:49Z 2023-01-11T13:45:49Z House HR 2020-07-29 116 [Congressional Record Volume 166, Number 134 (Wednesday, July 29, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. TAYLOR:H.R. 7809.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 18 of the United StatesConstitution:``To make all Laws which shall be necessary and proper forcarrying into Execution the foregoing Powers, and all otherPowers vested by this Constitution in the Government of theUnited States, or in any Department or Officer thereof.''[Page H3980]]]> hsba00 Financial Services Committee House Standing Referred to 2020-07-29T13:01:20Z 2020-07-29 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2020-07-29 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-07-29 Introduced in House IntroReferral 1000 9 Library of Congress T000479 Rep. Taylor, Van [R-TX-3] Van Taylor R TX 3 N L000586 Rep. Lawson, Al, Jr. [D-FL-5] Al Lawson D FL 5 2020-07-29 True B001282 Rep. Barr, Andy [R-KY-6] Andy Barr R KY 6 2020-07-29 True K000392 Rep. Kustoff, David [R-TN-8] David Kustoff R TN 8 2020-07-31 False H001088 Rep. Hagedorn, Jim [R-MN-1] Jim Hagedorn R MN 1 2020-07-31 False R000616 Rep. Rouda, Harley [D-CA-48] Harley Rouda D CA 48 2020-08-04 False G000576 Rep. Grothman, Glenn [R-WI-6] Glenn Grothman R WI 6 2020-08-04 False G000581 Rep. Gonzalez, Vicente [D-TX-15] Vicente Gonzalez D TX 15 2020-08-04 False F000466 Rep. Fitzpatrick, Brian K. [R-PA-1] Brian Fitzpatrick R PA K. 1 2020-08-07 False G000591 Rep. Guest, Michael [R-MS-3] Michael Guest R MS 3 2020-08-07 False M001159 Rep. McMorris Rodgers, Cathy [R-WA-5] Cathy Rodgers R WA McMorris 5 2020-08-07 False P000615 Rep. Pence, Greg [R-IN-6] Greg Pence R IN 6 2020-08-07 False C001055 Rep. Case, Ed [D-HI-1] Ed Case D HI 1 2020-08-11 False R000603 Rep. Rouzer, David [R-NC-7] David Rouzer R NC 7 2020-08-11 False R000585 Rep. Reed, Tom [R-NY-23] Tom Reed R NY 23 2020-08-21 False R000610 Rep. Reschenthaler, Guy [R-PA-14] Guy Reschenthaler R PA 14 2020-08-21 False P000599 Rep. Posey, Bill [R-FL-8] Bill Posey R FL 8 2020-08-21 False V000133 Rep. Van Drew, Jefferson [R-NJ-2] Jefferson Van Drew R NJ 2 2020-08-21 False B001311 Rep. Bishop, Dan [R-NC-9] Dan Bishop R NC 9 2020-08-21 False N000190 Rep. Norman, Ralph [R-SC-5] Ralph Norman R SC 5 2020-08-21 False W000821 Rep. Westerman, Bruce [R-AR-4] Bruce Westerman R AR 4 2020-08-21 False H001067 Rep. Hudson, Richard [R-NC-8] Richard Hudson R NC 8 2020-08-21 False C001111 Rep. Crist, Charlie [D-FL-13] Charlie Crist D FL 13 2020-08-22 False P000616 Rep. Phillips, Dean [D-MN-3] Dean Phillips D MN 3 2020-08-22 False B001298 Rep. Bacon, Don [R-NE-2] Don Bacon R NE 2 2020-08-25 False S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2020-08-25 False B001305 Rep. Budd, Ted [R-NC-13] Ted Budd R NC 13 2020-08-25 False B001301 Rep. Bergman, Jack [R-MI-1] Jack Bergman R MI 1 2020-08-25 False G000588 Rep. Gonzalez, Anthony [R-OH-16] Anthony Gonzalez R OH 16 2020-09-04 False M001194 Rep. Moolenaar, John R. [R-MI-4] John Moolenaar R MI R. 4 2020-09-04 False S001183 Rep. Schweikert, David [R-AZ-6] David Schweikert R AZ 6 2020-09-11 False K000386 Rep. Katko, John [R-NY-24] John Katko R NY 24 2020-09-11 False W000798 Rep. Walberg, Tim [R-MI-7] Tim Walberg R MI 7 2020-09-11 False L000566 Rep. Latta, Robert E. [R-OH-5] Robert Latta R OH E. 5 2020-09-11 False C001051 Rep. Carter, John R. [R-TX-31] John Carter R TX R. 31 2020-09-11 False C001122 Rep. Cunningham, Joe [D-SC-1] Joe Cunningham D SC 1 2020-09-11 False H001090 Rep. Harder, Josh [D-CA-10] Josh Harder D CA 10 2020-09-11 False G000551 Rep. Grijalva, Raúl M. [D-AZ-3] Raúl Grijalva D AZ M. 3 2020-09-11 False U000031 Rep. Upton, Fred [R-MI-6] FRED UPTON R MI 6 2020-09-11 False L000589 Rep. Lesko, Debbie [R-AZ-8] Debbie Lesko R AZ 8 2020-09-14 False H001083 Rep. Horn, Kendra S. [D-OK-5] Kendra Horn D OK S. 5 2020-09-14 False B001307 Rep. Baird, James R. [R-IN-4] James Baird R IN R. 4 2020-09-14 False B001289 Rep. Byrne, Bradley [R-AL-1] Bradley Byrne R AL 1 2020-09-15 False H001082 Rep. Hern, Kevin [R-OK-1] Kevin Hern R OK 1 2020-09-15 False H001058 Rep. Huizenga, Bill [R-MI-2] Bill Huizenga R MI 2 2020-09-16 False W000795 Rep. Wilson, Joe [R-SC-2] Joe Wilson R SC 2 2020-09-16 False G000589 Rep. Gooden, Lance [R-TX-5] Lance Gooden R TX 5 2020-09-16 False W000806 Rep. Webster, Daniel [R-FL-11] Daniel Webster R FL 11 2020-09-16 False M001195 Rep. Mooney, Alexander X. [R-WV-2] Alexander Mooney R WV X. 2 2020-09-16 False H000324 Rep. Hastings, Alcee L. [D-FL-20] ALCEE HASTINGS D FL L. 20 2020-09-16 False B001275 Rep. Bucshon, Larry [R-IN-8] Larry Bucshon R IN 8 2020-09-17 False G000560 Rep. Graves, Tom [R-GA-14] Tom Graves R GA 14 2020-09-17 False R000611 Rep. Riggleman, Denver [R-VA-5] Denver Riggleman R VA 5 2020-09-22 False T000474 Rep. Torres, Norma J. [D-CA-35] Norma Torres D CA J. 35 2020-09-22 False C001114 Rep. Curtis, John R. [R-UT-3] John Curtis R UT R. 3 2020-09-22 False W000813 Rep. Walorski, Jackie [R-IN-2] Jackie Walorski R IN 2 2020-09-22 False S001208 Rep. Slotkin, Elissa [D-MI-8] Elissa Slotkin D MI 8 2020-09-22 False S001212 Rep. Stauber, Pete [R-MN-8] Pete Stauber R MN 8 2020-09-23 False S001195 Rep. Smith, Jason [R-MO-8] Jason Smith R MO 8 2020-09-23 False R000599 Rep. Ruiz, Raul [D-CA-36] Raul Ruiz D CA 36 2020-09-24 False K000395 Rep. Keller, Fred [R-PA-12] Fred Keller R PA 12 2020-09-29 False W000812 Rep. Wagner, Ann [R-MO-2] Ann Wagner R MO 2 2020-09-29 False F000454 Rep. Foster, Bill [D-IL-11] Bill Foster D IL 11 2020-09-29 False T000165 Rep. Tiffany, Thomas P. [R-WI-7] Thomas Tiffany R WI P. 7 2020-09-29 False L000583 Rep. Loudermilk, Barry [R-GA-11] Barry Loudermilk R GA 11 2020-09-30 False R000607 Rep. Rooney, Francis [R-FL-19] Francis Rooney R FL 19 2020-09-30 False K000391 Rep. Krishnamoorthi, Raja [D-IL-8] Raja Krishnamoorthi D IL 8 2020-10-01 False L000585 Rep. LaHood, Darin [R-IL-18] Darin LaHood R IL 18 2020-10-01 False B001287 Rep. Bera, Ami [D-CA-7] Ami Bera D CA 7 2020-10-01 False Q000023 Rep. Quigley, Mike [D-IL-5] Mike Quigley D IL 5 2020-10-01 False T000483 Rep. Trone, David J. [D-MD-6] David Trone D MD J. 6 2020-10-09 False C001108 Rep. Comer, James [R-KY-1] James Comer R KY 1 2020-10-09 False C001053 Rep. Cole, Tom [R-OK-4] Tom Cole R OK 4 2020-10-16 False S001215 Rep. Stevens, Haley M. [D-MI-11] Haley Stevens D MI M. 11 2020-10-16 False C001063 Rep. Cuellar, Henry [D-TX-28] Henry Cuellar D TX 28 2020-10-20 False N000179 Rep. Napolitano, Grace F. [D-CA-32] GRACE NAPOLITANO D CA F. 32 2020-10-23 False M001202 Rep. Murphy, Stephanie N. [D-FL-7] Stephanie Murphy D FL N. 7 2020-10-23 False J000295 Rep. Joyce, David P. [R-OH-14] David Joyce R OH P. 14 2020-11-02 False E000294 Rep. Emmer, Tom [R-MN-6] Tom Emmer R MN 6 2020-12-02 False Finance and Financial Sector Appropriations Bank accounts, deposits, capital Banking and financial institutions regulation Business investment and capital Cardiovascular and respiratory health Emergency medical services and trauma care Government information and archives Government lending and loan guarantees Infectious and parasitic diseases Interest, dividends, interest rates Securities User charges and fees Finance and Financial Sector 00 2020-07-29 Introduced in House 2020-08-25T14:39:37Z 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.

]]> HOPE Act of 2020 Display Title HOPE Act of 2020 Short Title(s) as Introduced HOPE Act of 2020 Introduced in House IH Short Title(s) as Introduced Helping Open Properties Endeavor Act of 2020 Introduced in House IH 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. Introduced in House IH Introduced in House 2020-07-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr7809ih/xml/BILLS-116hr7809ih.xml 2020-07-29 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.