To establish an Office of Fair Lending Testing to test for compliance with the Equal Credit Opportunity Act, to strengthen the Equal Credit Opportunity Act, to ensure that persons injured by discriminatory practices, including organizations that have diverted resources to address discrimination and whose mission has been frustrated by illegal acts, can seek relief under such Act and to provide for criminal penalties for violating such Act, and for other purposes.

Bill 119 hr 166, also known as the Fair Lending Testing Act, aims to establish an Office of Fair Lending Testing to ensure compliance with the Equal Credit Opportunity Act. This office will be responsible for testing financial institutions to ensure they are not engaging in discriminatory practices when it comes to lending.

The bill also seeks to strengthen the Equal Credit Opportunity Act by providing more avenues for individuals and organizations who have been harmed by discriminatory practices to seek relief. This includes organizations that have had to divert resources to address discrimination and whose missions have been hindered by illegal acts.

Additionally, the bill proposes criminal penalties for those who violate the Equal Credit Opportunity Act, in order to deter discriminatory practices in the lending industry. Overall, the Fair Lending Testing Act aims to promote fair lending practices and ensure that all individuals have equal access to credit opportunities, regardless of their race, gender, or other protected characteristics.