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H.R. 976 House Finance and Financial Sector

1071 Repeal to Protect Small Business Lending Act

Introduced
Feb 4, 2025
Sponsor
Rep. Williams, Roger (R-TX-25)
View on Congress.gov

STAGE 3 OF 8 — CALENDARS AND SCHEDULING

Currently in the House. Last action: placed on the union calendar, calendar no. 65 on May 6, 2025.

  1. House Introduced in House Feb 4, 2025
  2. House Referred to the House Committee on Financial Services. Feb 4, 2025
  3. House Committee Consideration and Mark-up Session Held Apr 2, 2025
  4. House Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 22. Apr 2, 2025
  5. House Reported (Amended) by the Committee on Financial Services. H. Rept. 119-91. May 6, 2025
  6. House Placed on the Union Calendar, Calendar No. 65. May 6, 2025

Cosponsors

52

Subjects

Banking and financial institutions regulationConsumer creditSmall business

Committees

  • Financial Services Committee
    • [Reported By, May 6, 2025]
    • [Markup By, Apr 2, 2025]
    • [Referred To, Feb 4, 2025]

Summary

1071 Repeal to Protect Small Business Lending Act

This bill repeals the statute that requires financial institutions to collect data regarding applications for women-owned, minority-owned, or small business loans. Currently, financial institutions must collect and report to the Consumer Financial Protection Bureau information on (1) how many applications were received; (2) the disposition of each application; (3) the type of loan; (4) the amount applied for; (5) the amount approved; and (6) each applicant’s census tract, revenue, race, sex, and ethnicity.

[Summary as of: Introduced in House]

Bill Text

Formatted Text PDF Formatted XML

Related Bills

  • 1071 Repeal to Protect Small Business Lending Act (Related bill)

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