Bill Detail
S. 557
Congress: 119
Title
1071 Repeal to Protect Small Business Lending Act
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.
Sponsor
Sen. John Kennedy [R-LA]
Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Status as of Jun 29, 3:20 AM · synced 17h ago
Introduced
2025-02-12
Data source mode: cache
Bill Engagement
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, mino…
Lobbyists on the case
- American Bankers Association5 filings · 26 lobs
- Independent Community Bankers of America5 filings · 19 lobs
- Credit Union National Association. Inc. DBA America's Credit Unions5 filings · 18 lobs
- National Automobile Dealers Association1 filing · 5 lobs
- James Akin2026 Q1
- Rodrigo Alba2026 Q1
- Stephanie Belk2026 Q1
- William Boger2026 Q1
- Jenna Burke2026 Q1
- Naomi Camper2026 Q1
- Hugh Carney2026 Q1
- Alex Catanese2026 Q1