1071 Repeal to Protect Small Business Lending Act
The summary
What this bill does
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.
Legislative timeline
From introduction
Feb 4, 2025
Introduced & referred to committee
Congressional support
Sponsors & Cosponsors
U.S. Representative - TX District 25 · R-TX
52 cosponsors
U.S. Representative - MI District 4 · R-MI
U.S. Representative - NE District 1 · R-NE
U.S. Representative - PA District 9 · R-PA
U.S. Representative - MO District 2 · R-MO
U.S. Representative - TX District 15 · R-TX
U.S. Representative - IA District 3 · R-IA
U.S. Representative - MT District 2 · R-MT
U.S. Representative - FL District 19 · R-FL
U.S. Representative - FL District 8 · R-FL
U.S. Representative - OK District 3 · R-OK
U.S. Representative - NY District 2 · R-NY
Member of Congress · R-MN
+ 40 more cosponsors
Roll-call vote
The vote, by member
The vote, by member
VERSION CHANGES
What changed,
and where.
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Bill Metadata
| Congress | 119 |
| Bill Type | HR |
| Bill Number | 976 |
| Origin Chamber | House |
| Current Status | Placed on the Union Calendar, Calendar No. 65. |
| Policy Area | Finance and Financial Sector |
| Primary Committee | Not assigned |
| Introduced | February 4, 2025 |
| Latest Action | May 6, 2025 |
| Cosponsors | 52 · House vote — · 1 views |