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LGBTQ Business Equal Credit Enforcement and Investment Act
12/29/2022, 11:48 PM
Congressional Summary of S 4002
LGBTQ Business Equal Credit Enforcement and Investment Act
This bill requires financial institutions to report certain credit application data to the Consumer Financial Protection Bureau for the purposes of enforcing fair lending laws. Specifically, financial institutions must report this data regarding lesbian-, gay-, bisexual-, transgender-, or queer-owned businesses. Currently, this data is reported regarding women-owned, minority-owned, and small businesses.
Read the Full Bill
Current Status of Bill S 4002
Bill S 4002 is currently in the status of Bill Introduced since April 5, 2022. Bill S 4002 was introduced during Congress 117 and was introduced to the Senate on April 5, 2022. Bill S 4002's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of April 5, 2022
Bipartisan Support of Bill S 4002
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
1Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 4002
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill S 4002
LGBTQ Business Equal Credit Enforcement and Investment Act
LGBTQ Business Equal Credit Enforcement and Investment Act
A bill to amend the Equal Credit Opportunity Act to require the collection of small business loan data related to LGBTQ-owned businesses.
Comments
Sponsors and Cosponsors of S 4002
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