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Preserving Small Business Lending Act of 2020
8/10/2022, 11:29 PM
Congressional Summary of HR 5574
Preserving Small Business Lending Act of 2020
This bill repeals provisions requiring financial institutions to collect and report to the Consumer Financial Protection Bureau specified information regarding women-owned, minority-owned, and small businesses applying for a loan.
Read the Full Bill
Current Status of Bill HR 5574
Bill HR 5574 is currently in the status of Bill Introduced since January 10, 2020. Bill HR 5574 was introduced during Congress 116 and was introduced to the House on January 10, 2020. Bill HR 5574's most recent activity was Referred to the House Committee on Financial Services. as of January 10, 2020
Bipartisan Support of Bill HR 5574
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
6Democrat Cosponsors
0Republican Cosponsors
6Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 5574
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
- Banking and financial institutions regulation
- Business records
- Government information and archives
- Minority and disadvantaged businesses
- Small business
- Women in business
Alternate Title(s) of Bill HR 5574
Preserving Small Business Lending Act of 2020
To repeal the small business loan data collection requirement established by section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Preserving Small Business Lending Act of 2020
Comments
Sponsors and Cosponsors of HR 5574
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