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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 12, 2025
Last Action
Feb 12, 2025
Session
119th Congress
Sponsors
1 primary · 15 co
Passage Probability
2% — Very Low
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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2%
Estimate based on legislative signals
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Upgrade to ProRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.