# 116-hr-7809: HOPE Act of 2020

116-hr-7809, HOPE Act of 2020, is a 116th Congress bill sponsored by Rep. Taylor, Van [R-TX-3] (R-TX); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-7809
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-7809
- Congress: 116
- Title: HOPE Act of 2020
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2020-07-29
- Sponsor: Rep. Taylor, Van [R-TX-3] (R-TX)
- Cosponsors: 78
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## 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. 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.

## Cosponsors (78)

- Rep. Lawson, Al, Jr. [D-FL-5] (D-FL), 2020-07-29T00:00:00.000Z
- Rep. Barr, Andy [R-KY-6] (R-KY), 2020-07-29T00:00:00.000Z
- Rep. Kustoff, David [R-TN-8] (R-TN), 2020-07-31T00:00:00.000Z
- Rep. Hagedorn, Jim [R-MN-1] (R-MN), 2020-07-31T00:00:00.000Z
- Rep. Rouda, Harley [D-CA-48] (D-CA), 2020-08-04T00:00:00.000Z
- Rep. Grothman, Glenn [R-WI-6] (R-WI), 2020-08-04T00:00:00.000Z
- Rep. Gonzalez, Vicente [D-TX-34] (D-TX), 2020-08-04T00:00:00.000Z
- Rep. Fitzpatrick, Brian K. [R-PA-1] (R-PA), 2020-08-07T00:00:00.000Z
- Rep. Guest, Michael [R-MS-3] (R-MS), 2020-08-07T00:00:00.000Z
- Rep. McMorris Rodgers, Cathy [R-WA-5] (R-WA), 2020-08-07T00:00:00.000Z
- Rep. Pence, Greg [R-IN-6] (R-IN), 2020-08-07T00:00:00.000Z
- Rep. Case, Ed [D-HI-1] (D-HI), 2020-08-11T00:00:00.000Z
- Rep. Rouzer, David [R-NC-7] (R-NC), 2020-08-11T00:00:00.000Z
- Rep. Reed, Tom [R-NY-23] (R-NY), 2020-08-21T00:00:00.000Z
- Rep. Reschenthaler, Guy [R-PA-14] (R-PA), 2020-08-21T00:00:00.000Z
- Rep. Posey, Bill [R-FL-8] (R-FL), 2020-08-21T00:00:00.000Z
- Rep. Van Drew, Jefferson [R-NJ-2] (R-NJ), 2020-08-21T00:00:00.000Z
- Rep. Bishop, Dan [R-NC-9] (R-NC), 2020-08-21T00:00:00.000Z
- Rep. Norman, Ralph [R-SC-5] (R-SC), 2020-08-21T00:00:00.000Z
- Rep. Westerman, Bruce [R-AR-4] (R-AR), 2020-08-21T00:00:00.000Z
- Rep. Hudson, Richard [R-NC-9] (R-NC), 2020-08-21T00:00:00.000Z
- Rep. Crist, Charlie [D-FL-13] (D-FL), 2020-08-22T00:00:00.000Z
- Rep. Phillips, Dean [D-MN-3] (D-MN), 2020-08-22T00:00:00.000Z
- Rep. Bacon, Don [R-NE-2] (R-NE), 2020-08-25T00:00:00.000Z
- Rep. Stivers, Steve [R-OH-15] (R-OH), 2020-08-25T00:00:00.000Z
- Sen. Budd, Ted [R-NC] (R-NC), 2020-08-25T00:00:00.000Z
- Rep. Bergman, Jack [R-MI-1] (R-MI), 2020-08-25T00:00:00.000Z
- Rep. Gonzalez, Anthony [R-OH-16] (R-OH), 2020-09-04T00:00:00.000Z
- Rep. Moolenaar, John R. [R-MI-2] (R-MI), 2020-09-04T00:00:00.000Z
- Rep. Schweikert, David [R-AZ-1] (R-AZ), 2020-09-11T00:00:00.000Z
- Rep. Katko, John [R-NY-24] (R-NY), 2020-09-11T00:00:00.000Z
- Rep. Walberg, Tim [R-MI-5] (R-MI), 2020-09-11T00:00:00.000Z
- Rep. Latta, Robert E. [R-OH-5] (R-OH), 2020-09-11T00:00:00.000Z
- Rep. Carter, John R. [R-TX-31] (R-TX), 2020-09-11T00:00:00.000Z
- Rep. Cunningham, Joe [D-SC-1] (D-SC), 2020-09-11T00:00:00.000Z
- Rep. Harder, Josh [D-CA-9] (D-CA), 2020-09-11T00:00:00.000Z
- Rep. Grijalva, Raúl M. [D-AZ-7] (D-AZ), 2020-09-11T00:00:00.000Z
- Rep. Upton, Fred [R-MI-6] (R-MI), 2020-09-11T00:00:00.000Z
- Rep. Lesko, Debbie [R-AZ-8] (R-AZ), 2020-09-14T00:00:00.000Z
- Rep. Horn, Kendra S. [D-OK-5] (D-OK), 2020-09-14T00:00:00.000Z
- Rep. Baird, James R. [R-IN-4] (R-IN), 2020-09-14T00:00:00.000Z
- Rep. Byrne, Bradley [R-AL-1] (R-AL), 2020-09-15T00:00:00.000Z
- Rep. Hern, Kevin [R-OK-1] (R-OK), 2020-09-15T00:00:00.000Z
- Rep. Huizenga, Bill [R-MI-4] (R-MI), 2020-09-16T00:00:00.000Z
- Rep. Wilson, Joe [R-SC-2] (R-SC), 2020-09-16T00:00:00.000Z
- Rep. Gooden, Lance [R-TX-5] (R-TX), 2020-09-16T00:00:00.000Z
- Rep. Webster, Daniel [R-FL-11] (R-FL), 2020-09-16T00:00:00.000Z
- Rep. Mooney, Alexander X. [R-WV-2] (R-WV), 2020-09-16T00:00:00.000Z
- Rep. Hastings, Alcee L. [D-FL-20] (D-FL), 2020-09-16T00:00:00.000Z
- Rep. Bucshon, Larry [R-IN-8] (R-IN), 2020-09-17T00:00:00.000Z
- Rep. Graves, Tom [R-GA-14] (R-GA), 2020-09-17T00:00:00.000Z
- Rep. Riggleman, Denver [R-VA-5] (R-VA), 2020-09-22T00:00:00.000Z
- Rep. Torres, Norma J. [D-CA-35] (D-CA), 2020-09-22T00:00:00.000Z
- Sen. Curtis, John R. [R-UT] (R-UT), 2020-09-22T00:00:00.000Z
- Rep. Walorski, Jackie [R-IN-2] (R-IN), 2020-09-22T00:00:00.000Z
- Sen. Slotkin, Elissa [D-MI] (D-MI), 2020-09-22T00:00:00.000Z
- Rep. Stauber, Pete [R-MN-8] (R-MN), 2020-09-23T00:00:00.000Z
- Rep. Smith, Jason [R-MO-8] (R-MO), 2020-09-23T00:00:00.000Z
- Rep. Ruiz, Raul [D-CA-25] (D-CA), 2020-09-24T00:00:00.000Z
- Rep. Keller, Fred [R-PA-12] (R-PA), 2020-09-29T00:00:00.000Z
- Rep. Wagner, Ann [R-MO-2] (R-MO), 2020-09-29T00:00:00.000Z
- Rep. Foster, Bill [D-IL-11] (D-IL), 2020-09-29T00:00:00.000Z
- Rep. Tiffany, Thomas P. [R-WI-7] (R-WI), 2020-09-29T00:00:00.000Z
- Rep. Loudermilk, Barry [R-GA-11] (R-GA), 2020-09-30T00:00:00.000Z
- Rep. Rooney, Francis [R-FL-19] (R-FL), 2020-09-30T00:00:00.000Z
- Rep. Krishnamoorthi, Raja [D-IL-8] (D-IL), 2020-10-01T00:00:00.000Z
- Rep. LaHood, Darin [R-IL-16] (R-IL), 2020-10-01T00:00:00.000Z
- Rep. Bera, Ami [D-CA-6] (D-CA), 2020-10-01T00:00:00.000Z
- Rep. Quigley, Mike [D-IL-5] (D-IL), 2020-10-01T00:00:00.000Z
- Rep. Trone, David J. [D-MD-6] (D-MD), 2020-10-09T00:00:00.000Z
- Rep. Comer, James [R-KY-1] (R-KY), 2020-10-09T00:00:00.000Z
- Rep. Cole, Tom [R-OK-4] (R-OK), 2020-10-16T00:00:00.000Z
- Rep. Stevens, Haley M. [D-MI-11] (D-MI), 2020-10-16T00:00:00.000Z
- Rep. Cuellar, Henry [D-TX-28] (D-TX), 2020-10-20T00:00:00.000Z
- Rep. Napolitano, Grace F. [D-CA-31] (D-CA), 2020-10-23T00:00:00.000Z
- Rep. Murphy, Stephanie N. [D-FL-7] (D-FL), 2020-10-23T00:00:00.000Z
- Rep. Joyce, David P. [R-OH-14] (R-OH), 2020-11-02T00:00:00.000Z
- Rep. Emmer, Tom [R-MN-6] (R-MN), 2020-12-02T00:00:00.000Z

## Related bills

- 116-hr-4305: PAWS for Veterans Therapy Act
- 116-hr-2423: Women's Suffrage Centennial Commemorative Coin Act
- 116-hr-748: CARES Act
- 116-hr-3495: Improve Well-Being for Veterans Act
- 116-hr-1570: Removing Barriers to Colorectal Cancer Screening Act of 2020
- 116-hr-7642: Coronavirus Economic Relief for Transportation Services Act

## Sources
- [116-hr-7809 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/7809)

## Related
- [116-hr-4305: PAWS for Veterans Therapy Act](https://policyrisk.com/legislation/116-hr-4305)
- [116-hr-2423: Women's Suffrage Centennial Commemorative Coin Act](https://policyrisk.com/legislation/116-hr-2423)
- [116-hr-748: CARES Act](https://policyrisk.com/legislation/116-hr-748)
- [116-hr-3495: Improve Well-Being for Veterans Act](https://policyrisk.com/legislation/116-hr-3495)
- [116-hr-1570: Removing Barriers to Colorectal Cancer Screening Act of 2020](https://policyrisk.com/legislation/116-hr-1570)
- [116-hr-7642: Coronavirus Economic Relief for Transportation Services Act](https://policyrisk.com/legislation/116-hr-7642)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-7809 (as of 2025-11-18).