1071 Repeal to Protect Small Business Lending Act was reported by committee and awaits a floor vote
IntroducedFeb 4, 2025
ReportedApr 2, 2025
Passed one chamber—
Passed both—
Law—
What it changes · CRS summary
Written by the Congressional Research Service [2]. 81 words.
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.
Context
- Committees
- House Financial Services Committee
- Policy area
- Finance and Financial Sector: 53 of 3,256 bills became law, 113th–118th (1.6%)
- Sponsor
- 1 of 116 bills enacted since 2013
- Text versions
- 2, from introduced in house to reported in house · 281 words
- Subjects
- Banking and financial institutions regulationConsumer creditSmall business
- Latest action
- May 6, 2025: Placed on the Union Calendar, Calendar No. 65.
- Records
- Congress.gov · Bill text
Exhibit 1Passage odds band at each stage, rated when the bill reached it [4]
Related bills · 1
Each bill appears once, under its strongest link. 1 in all.
Related, per CRS or House · 1
- 119th S. 557 1071 Repeal to Protect Small Business Lending Act R · Introduced
Exhibit 2Articles naming the bill per day, last 90 days, US sources [3]