Preserving Small Business Lending Act of 2020

House Bill 5574 - Preserving Small Business Lending Act of 2020: Overview, Status, and Impact

Hozzl · 2022-08-10T23:29:20Z

Explore the details of House Bill 5574 Preserving Small Business Lending Act of 2020 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

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.

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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

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 5574

Primary Policy Focus

Finance and Financial Sector

Potential 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