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HR 7809 116th Congress House 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

HOPE Act of 2020

Introduced: August 22, 2020 See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 29, 2020
Referred to the House Committee on Financial Services.
Jul 29, 2020
Introduced in House
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 Plain-English summary Congressional Research Service

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.

What's happening now July 29, 2020

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 66
All 66 Democratic 12 Republican 36
R
Emmer, Tom
Minnesota · Dec 2, 2020
 R
Joyce, David P.
Ohio · Nov 2, 2020
Murphy, Stephanie
· Oct 23, 2020
 D
Cuellar, Henry
Texas · Oct 20, 2020
 R
Cole, Tom
Oklahoma · Oct 16, 2020
 D
Stevens, Haley M.
Michigan · Oct 16, 2020
 R
Comer, James
Kentucky · Oct 9, 2020
 D
Bera, Ami
California · Oct 1, 2020
 D
Krishnamoorthi, Raja
Illinois · Oct 1, 2020
 R
LaHood, Darin
Illinois · Oct 1, 2020
 D
Quigley, Mike
Illinois · Oct 1, 2020
 R
Loudermilk, Barry
Georgia · Sep 30, 2020
Rooney, Francis
· Sep 30, 2020
 D
Foster, Bill
Illinois · Sep 29, 2020
Keller, Fred
· Sep 29, 2020
 R
Tiffany, Thomas P.
Wisconsin · Sep 29, 2020
 R
Wagner, Ann
Missouri · Sep 29, 2020
 D
Ruiz, Raul
California · Sep 24, 2020
 R
Smith, Jason
Missouri · Sep 23, 2020
 R
Stauber, Pete
Minnesota · Sep 23, 2020
 R
Curtis, John R.
Utah · Sep 22, 2020
 D
Slotkin, Elissa
Michigan · Sep 22, 2020
 D
Torres, Norma J.
California · Sep 22, 2020
Walorski, Jackie
· Sep 22, 2020
Bucshon, Larry
· Sep 17, 2020
Graves, Tom
· Sep 17, 2020
 R
Gooden, Lance
Texas · Sep 16, 2020
HASTINGS, ALCEE
· Sep 16, 2020
 R
Huizenga, Bill
Michigan · Sep 16, 2020
 R
Webster, Daniel
Florida · Sep 16, 2020
 R
Wilson, Joe
South Carolina · Sep 16, 2020
Byrne, Bradley
· Sep 15, 2020
 R
Hern, Kevin
Oklahoma · Sep 15, 2020
 R
Baird, James R.
Indiana · Sep 14, 2020
 R
Carter, John R.
Texas · Sep 11, 2020
 D
Harder, Josh
California · Sep 11, 2020
Katko, John
· Sep 11, 2020
 R
Latta, Robert E.
Ohio · Sep 11, 2020
 R
Schweikert, David
Arizona · Sep 11, 2020
UPTON, FRED
· Sep 11, 2020
 R
Walberg, Tim
Michigan · Sep 11, 2020
Gonzalez, Anthony
· Sep 4, 2020
 R
Moolenaar, John R.
Michigan · Sep 4, 2020
 R
Bacon, Don
Nebraska · Aug 25, 2020
 R
Bergman, Jack
Michigan · Aug 25, 2020
 R
Budd, Ted
North Carolina · Aug 25, 2020
Stivers, Steve
· Aug 25, 2020
Crist, Charlie
· Aug 22, 2020
Bishop, Dan
· Aug 21, 2020
 R
Hudson, Richard
North Carolina · Aug 21, 2020
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APA
U.S. Congress. (2026). H.R. 7809: HOPE Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-HR-7809/
MLA
"H.R. 7809: HOPE Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-7809/.
Bluebook (legal)
H.R. 7809, 116th Cong. (2026), https://openamerica.io/bill/116-HR-7809/.
Markdown link
[H.R. 7809: HOPE Act of 2020](https://openamerica.io/bill/116-HR-7809/)
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