Right to Lend Act of 2015

Hozzl · 2023-01-11T13:27:43Z

Explore the details of House Bill 1766 Right to Lend Act of 2015 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

1/11/2023, 1:27 PM

Congressional Summary of HR 1766

Right to Lend Act of 2015

Repeals provisions of the Equal Credit Opportunity Act, as amended by Dodd-Frank Wall Street Reform and Consumer Protection Act, that require financial institutions to: (1) inquire whether businesses applying for credit for a women-owned, minority-owned, or small business are such a business; and (2) submit annually to the Consumer Financial Protection Bureau, in a manner to be made available to the public, a record of the responses to such inquiry, including census tract information and disclosures as to the race, sex, and ethnicity of the principal owners of such businesses.

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Current Status of Bill HR 1766

Bill HR 1766 is currently in the status of Bill Introduced since April 14, 2015. Bill HR 1766 was introduced during Congress 114 and was introduced to the House on April 14, 2015. Bill HR 1766's most recent activity was Referred to the House Committee on Financial Services. as of April 14, 2015

Bipartisan Support of Bill HR 1766

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 1766

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

Banking and financial institutions regulationBusiness recordsCredit and credit marketsMinority and disadvantaged businessesSmall businessWomen in business

Alternate Title(s) of Bill HR 1766

Right to Lend Act of 2015To amend the Equal Credit Opportunity Act to repeal a small business loan data collection requirement.Right to Lend Act of 2015

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