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United States · Bill · S

S. 1119 (117th)

Small Business Lending Fairness Act

referredUnited States· United States Congress· EN

Introduced

14 April 2021

Last action

Status

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Subjects

Discovery layer

Source updated

5 December 2025

Summary

Small Business Lending Fairness Act This bill prohibits as a condition to a loan or extension of credit a confession of judgment or similar agreement. (A confession of judgment is an agreement to a judgment of liability without notice and opportunity to be heard in court in the event of the default of a borrower.)

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Documents

3 official files

Introduced in Senate (text)

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Sources

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