S 557 · in committee · major
1071 Repeal to Protect Small Business Lending Act
- economy
What this bill does
- This bill repeals the requirement for financial institutions to collect data on small business loan applications.
- It affects banks and lending institutions that currently report demographic and application details to federal regulators.
- The repeal eliminates ongoing reporting requirements with no direct federal spending implications.
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Community Threads
Started by Cosponsor
- 01
How would eliminating small business lending data reporting affect regulators' ability to detect discrimination in loan approvals across different communities?
- 02
What costs would banks currently spend on data collection and reporting be redirected toward under this repeal?
- 03
Which stakeholders rely on small business lending data to monitor market trends, and how might their work change without it?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-LA
John Kennedy
Citizen cosponsors
0
In Congress
15/ 100
Senators cosponsoring
Introduced 2025-02-12
Joining the bill
John Boozman
R-AR · original
John Barrasso
R-WY · original
Ted Cruz
R-TX · original
Steve Daines
R-MT · original
Joni Ernst
R-IA · original
Cindy Hyde-Smith
R-MS · original
Mike Rounds
R-SD · original
Roger F. Wicker
R-MS · original
Pete Ricketts
R-NE
Katie Boyd Britt
R-AL
Jon Husted
R-OH
Jerry Moran
R-KS
+ 3 more
Legislative timeline
2025-02-12 · senate · IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2025-02-12 · IntroReferral
Introduced in Senate
Citizen comments
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