H.R. 7023: 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.

116th Congress · introduced 2020-05-27 · Commerce · Latest: Referred to the House Committee on Financial Services.

federal

Follow this bill, step by step

Where it came from: introduced 2020-05-27 · official record
Who proposed it: Rep. Trahan, Lori [D-MA-3] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Referred to the House Committee on Financial Services. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

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.

Plain summary

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.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

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.

Source: Congressional Research Service summary (Introduced in House)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Trahan, Lori [D-MA-3] · 66 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Doris O. Matsui (D-CA), Brian K. Fitzpatrick (R-PA), Michael K. Simpson (R-ID), Joe Courtney (D-CT), Elissa Slotkin (D-MI), Glenn Thompson (R-PA), Peter Welch (D-VT), Joseph D. Morelle (D-NY), Veronica Escobar (D-TX), Joe Wilson (R-SC), John R. Carter (R-TX), Betty McCollum (D-MN), Marcy Kaptur (D-OH), Don Bacon (R-NE), Charles J. "Chuck" Fleischmann (R-TN), Paul Tonko (D-NY), Suzanne Bonamici (D-OR), André Carson (D-IN), James P. McGovern (D-MA), Jim Costa (D-CA), Mike Kelly (R-PA), Robert B. Aderholt (R-AL), David Kustoff (R-TN), Thomas R. Suozzi (D-NY), Lisa Blunt Rochester (D-DE), Andy Kim (D-NJ), Brett Guthrie (R-KY), Elise M. Stefanik (R-NY), Andy Barr (R-KY) and 6 more.

Sponsor's campaign money: Rep. Trahan, Lori [D-MA-3] reported raising $1.9 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (3)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Bond: A way to borrow money. A government sells bonds to raise money now and promises to pay it back with interest over time. Bonds repaid from taxes often need voter approval.
Obligation: A binding promise by a government agency to pay money, for example by signing a contract or awarding a grant. Spending data such as USAspending.gov counts money when it is obligated, which can be before it is actually paid out.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-116hr7023.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/116/hr>

Record fed-us-cong116-hr7023 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116