1071 Repeal to Protect Small Business Lending Act
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Finance and Financial Sector
Rep. Williams, Roger [R-TX-25] (R) — TX
Summary
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.
Legislative subjects
Banking and financial institutions regulation; Consumer credit; Finance and Financial Sector; Small business
Latest action
Placed on the Union Calendar, Calendar No. 65.
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