HR 976
119th Congress
House
Finance and Financial Sector
Banking and financial institutions regulation
Consumer credit
Small business
1071 Repeal to Protect Small Business Lending Act
Everywhere this bill has been
6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 6, 2025
Placed on the Union Calendar, Calendar No. 65.
May 6, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-91.
Apr 2, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 22.
Apr 2, 2025
Committee Consideration and Mark-up Session Held
Feb 4, 2025
Referred to the House Committee on Financial Services.
Feb 4, 2025
Introduced in House
Plain-English 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.
What's happening now
Placed on the Union Calendar, Calendar No. 65.