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Preventing Racial Profiling in Lending Act
12/15/2023, 3:55 PM
Summary of Bill HR 1817
Bill 118 hr 1817, also known as the Preventing Racial Profiling in Lending Act, aims to address the issue of racial discrimination in lending practices. The bill was introduced in the House of Representatives on March 13, 2019 by Representative Al Green from Texas.
The main purpose of this bill is to prohibit lenders from using race, color, religion, national origin, sex, marital status, or age as a factor in determining creditworthiness. This means that lenders would not be able to deny someone a loan or charge them higher interest rates based on these characteristics.
Additionally, the bill requires lenders to collect and report data on the race, ethnicity, and gender of loan applicants. This data would be used to monitor and prevent discriminatory lending practices. The Preventing Racial Profiling in Lending Act also establishes a process for individuals to file complaints if they believe they have been discriminated against by a lender. The bill outlines the steps that must be taken to investigate these complaints and provides remedies for victims of discrimination. Overall, this bill seeks to promote fair and equal access to credit for all individuals, regardless of their race or other personal characteristics. It aims to combat racial profiling in lending practices and ensure that all Americans have the opportunity to achieve their financial goals.
The main purpose of this bill is to prohibit lenders from using race, color, religion, national origin, sex, marital status, or age as a factor in determining creditworthiness. This means that lenders would not be able to deny someone a loan or charge them higher interest rates based on these characteristics.
Additionally, the bill requires lenders to collect and report data on the race, ethnicity, and gender of loan applicants. This data would be used to monitor and prevent discriminatory lending practices. The Preventing Racial Profiling in Lending Act also establishes a process for individuals to file complaints if they believe they have been discriminated against by a lender. The bill outlines the steps that must be taken to investigate these complaints and provides remedies for victims of discrimination. Overall, this bill seeks to promote fair and equal access to credit for all individuals, regardless of their race or other personal characteristics. It aims to combat racial profiling in lending practices and ensure that all Americans have the opportunity to achieve their financial goals.
Congressional Summary of HR 1817
Preventing Racial Profiling in Lending Act
This bill prohibits a federal agency from requiring any person or entity to estimate a borrower's race or ethnicity through visual observation or surname when extending credit.
Read the Full Bill
Current Status of Bill HR 1817
Bill HR 1817 is currently in the status of Bill Introduced since March 27, 2023. Bill HR 1817 was introduced during Congress 118 and was introduced to the House on March 27, 2023. Bill HR 1817's most recent activity was Referred to the House Committee on Financial Services. as of March 27, 2023
Bipartisan Support of Bill HR 1817
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
4Democrat Cosponsors
0Republican Cosponsors
4Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 1817
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill HR 1817
Preventing Racial Profiling in Lending Act
Preventing Racial Profiling in Lending Act
To prohibit Federal agencies from requiring lenders to estimate a borrower's race or ethnicity via visual observation or surname.
Comments
Sponsors and Cosponsors of HR 1817
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