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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.
Introduced
Feb 4, 2025
Last Action
May 6, 2025
Session
119th Congress
Sponsors
1 primary · 52 co
Passage Probability
19% — Moderate
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-91.
Placed on the Union Calendar, Calendar No. 65.
Committee Consideration and Mark-up Session Held
Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 22.
Introduced in House
Referred to the House Committee on Financial Services.
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
19%
Estimate based on legislative signals
See what factors are driving this score — cosponsor support, bipartisan backing, committee progress, and more.
Upgrade to ProPlaced on the Union Calendar, Calendar No. 65.