1071 Repeal to Protect Small Business Lending Act has not moved since its introduction on Feb 12, 2025, with cosponsors, all Republicans
IntroducedFeb 12, 2025
Reported—
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
- Senate Banking, Housing, and Urban Affairs Committee
- Policy area
- Finance and Financial Sector: 53 of 3,256 bills became law, 113th–118th (1.6%)
- Sponsor
- 13 of 329 bills enacted since 2013
- Text versions
- 1: introduced in senate · 300 words
- Subjects
- Banking and financial institutions regulationConsumer creditSmall business
- Latest action
- Feb 12, 2025: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 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 H.R. 976 1071 Repeal to Protect Small Business Lending Act R · Reported
Exhibit 2Articles naming the bill per day, last 90 days, US sources [3]