H.R. 7023 · 116th Congress
To require the Secretary of the Treasury to implement a program that provides financial assistance to sports…
Full title
To require the Secretary of the Treasury to implement a program that provides financial assistance to sports facilities, museums, and community theaters, and for other purposes.
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
TrahanSponsor66 cosponsors · 35 D, 31 R
D
Brindisi
JC
R
Carter
JC
D
Courtney
JC
D
Cunningham
VE
D
Escobar
BF
R
Fitzpatrick
AF
D
Finkenauer
BH
D
Higgins
DH
D
Haaland
PK
R
King
DL
D
Loebsack
BM
D
McCollum
DM
D
Matsui
DM
R
McKinley
JM
D
Morelle
TR
D
Ryan
MR
D
Rose
MS
R
Simpson
ES
D
Slotkin
GT
R
Thompson
DT
D
Trone
JW
R
Wilson
PW
D
Welch
RB
R
Bishop
PR
R
Roe
MB
R
Brooks
MK
D
Kaptur
AK
D
Kuster
CA
D
Axne
SB
D
Bonamici
DB
R
Bacon
CF
R
Fleischmann
SP
R
Palazzo
PT
D
Tonko
AB
D
Brown
AC
D
Carson
FK
R
Keller
JM
D
McGovern
GG
R
Gianforte
RA
R
Aderholt
JC
D
Costa
MK
R
Kelly
BW
R
Wenstrup
DK
R
Kustoff
SM
D
Maloney
AD
D
Delgado
TS
D
Suozzi
LB
D
Blunt Rochester
WH
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Hurd
JK
R
Katko
AK
D
Kim
MF
D
Fudge
BG
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Guthrie
AG
R
Gonzalez
DR
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Riggleman
SS
R
Stivers
ES
R
Stefanik
KC
R
Conaway
JF
R
Fortenberry
JB
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Beatty
AB
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Barr
DN
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Newhouse
AL
D
Lawson
JR
R
Rose
MD
D
DeSaulnier
AS
D
Spanberger23 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill requires the Department of the Treasury to implement a program to provide financing of at least $1 billion for loans related to losses incurred as a result of COVID-19 (i.e., coronavirus disease 2019) to certain community-owned or private businesses that have contractual obligations for making lease, rent, or bond payments for publicly owned…
What it does: CRS summary · Introduced in House · May 27, 2020
This bill requires the Department of the Treasury to implement a program to provide financing of at least $1 billion for loans related to losses incurred as a result of COVID-19 (i.e., coronavirus disease 2019) to certain community-owned or private businesses that have contractual obligations for making lease, rent, or bond payments for publicly owned sports facilities, museums, and community theaters.
Terms for such loans shall include (1) a 15-year term, (2) no requirement to provide collateral or a guaranty, and (3) a maximum loan amount of $25 million. An applicant for such a loan must make a good faith certification that, among other things, (1) the loan request is necessary to support the recipient's ongoing operations; and (2) the recipient will use the loan for purposes directly connected to contracted services, including performances and sporting events.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To require the Secretary of the Treasury to implement a program that provides financial assistance to sports facilities, museums, and community theaters, and for other purposes.
Latest action (May 27, 2020): Referred to the House Committee on Financial Services.
Policy area: Commerce · Origin: House · Introduced: May 27, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.