HR 976 · introduced · significant
1071 Repeal to Protect Small Business Lending Act
- economy
What this bill does
- This bill repeals requirements for banks to collect data on small business loan applications from women and minority-owned businesses.
- It affects financial institutions and the Consumer Financial Protection Bureau's ability to track lending patterns.
- The repeal takes effect upon enactment with no new costs, as it eliminates existing reporting obligations.
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Community Threads
Started by Cosponsor
- 01
How might eliminating small business lending data collection affect policymakers' ability to identify and address potential disparities in loan approval rates?
- 02
Which stakeholders—banks, small business owners, or regulators—would experience the most significant changes from removing these data reporting requirements?
- 03
What evidence exists that current data collection imposes substantial compliance costs on financial institutions compared to the potential benefits of tracking lending patterns?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-TX-25
Roger Williams
Citizen cosponsors
0
In Congress
52/ 435
House Reps cosponsoring
Introduced 2025-05-06
Joining the bill
Brad Finstad
R-MN-1 · original
Glenn Grothman
R-WI-6 · original
Andy Barr
R-KY-6 · original
Mike Flood
R-NE-1 · original
Jack Bergman
R-MI-1 · original
Byron Donalds
R-FL-19 · original
Monica De La Cruz
R-TX-15 · original
Warren Davidson
R-OH-8 · original
Troy Downing
R-MT-2 · original
Mike Ezell
R-MS-4 · original
Mike Collins
R-GA-10 · original
Andrew R. Garbarino
R-NY-2 · original
+ 40 more
Legislative timeline
2025-05-06 · house · Calendars
Placed on the Union Calendar, Calendar No. 65.
2025-05-06 · house · Committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-91.
2025-05-06 · Committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-91.
2025-04-02 · house · Committee
Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 22.
2025-04-02 · house · Committee
Committee Consideration and Mark-up Session Held
2025-02-04 · house · IntroReferral
Referred to the House Committee on Financial Services.
2025-02-04 · IntroReferral
Introduced in House
2025-02-04 · IntroReferral
Introduced in House
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