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- H.R.7809
H.R.7809: HOPE Act of 2020
About This Bill
- Introduced July 29, 2020
- Latest Major Action July 29, 2020
Bill Sponsor
Bill Cosponsors
78 (24 Democrats, 54 Republicans)
Bill Version
- Introduced in House - July 29, 2020
Bill Summary
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....
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
Date | Description |
---|---|
July 29, 2020 |
Referred to the House Committee on Financial Services.
|
July 29, 2020 |
Introduced in the House by Van Taylor (R-Texas) |