HR 976

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.

Bill status

Status

Reported

Sponsor

Rep. Roger Williams [R-TX-25]

Cosponsors

52

Policy area

Finance and Financial Sector

Introduced

2025-02-04

Latest action

2025-05-06: Placed on the Union Calendar, Calendar No. 65.

Committee referrals

• Financial Services Committee: House · Reported By · 2025-05-06
• Financial Services Committee: House · Markup By · 2025-04-02
• Financial Services Committee: House · Referred To · 2025-02-04

Recent actions

• 2025-05-06: Placed on the Union Calendar, Calendar No. 65.
• 2025-05-06: Reported (Amended) by the Committee on Financial Services. H. Rept. 119-91.
• 2025-05-06: Reported (Amended) by the Committee on Financial Services. H. Rept. 119-91.
• 2025-04-02: Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 22.
• 2025-04-02: Committee Consideration and Mark-up Session Held