United States · Bill · S
S. 557 (119th)
1071 Repeal to Protect Small Business Lending Act
Introduced
12 February 2025
Last action
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Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
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Subjects
Discovery layer
Source updated
6 December 2025
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.
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Documents
2 official files
Introduced in Senate
Introduced in Senate
Introduced in Senate · EN · 12 February 2025
Introduced in Senate
summary · EN · 12 February 2025
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/119th-congress/senate-bill/557
- Open data entity: https://api.congress.gov/v3/bill/119/s/557