S 557 · 1071 Repeal to Protect Small Business Lending Act
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced
- Feb 12, 2025
- Latest action
- Feb 12, 2025
- Sponsor
- Sen. John Kennedy [R-LA]
- Policy area
- Finance and Financial Sector
- Cosponsors
- 15
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.
Recent actions
- Feb 12, 2025 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Feb 12, 2025 Introduced in Senate
Votes
No recorded votes are available for this bill.