HR. 976Introduced
1071 Repeal to Protect Small Business Lending Act
Repeals the federal requirement that financial institutions collect and report small business loan application data, including demographic information on women-owned and minority-owned businesses
Plain-English overview
What this bill does
Repeals the federal requirement that financial institutions collect and report small business loan application data, including demographic information on women-owned and minority-owned businesses
Key points
- Repeal loan application data collection requirements
- Repeal CFPB small business loan reporting
Current status
Where it stands
Status
Introduced
Latest action
2025-05-06 — Placed on the Union Calendar, Calendar No. 65.
Related context
Topics and policy areas
undefinedBanking and financial institutions regulationConsumer creditFinance and Financial SectorSmall business