H.R. 976 · 119th Congress

1071 Repeal to Protect Small Business Lending Act

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Bill details

Introduced: 2/4/2025

Current status: On calendar

Introduced by: Roger Williams (R · TX-25)

Bill ID: 119hr976

Latest official action: Placed on the Union Calendar, Calendar No. 65.

Bill overview

A neutral overview based on official congressional sources.

Introduced in House

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.

Source: BILLSUM · Summary date: 2/4/2025

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Last updated: 2/4/2025Source: BILLSUMBill: 119hr976Learn more →