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HR 3372 107th Congress House Finance and Financial Sector Bank loans Bank records Civil Rights and Liberties, Minority Issues Civil rights enforcement Commerce Discrimination in consumer credit Freedom of information Government Operations and Politics Government paperwork Minorities Minority business enterprises Racial discrimination Right of privacy Sex discrimination against women Small business Women Women in business

Access and Openness in Small Business Lending Act of 2001

Introduced: November 29, 2001 Introduced by: McGovern, James P. Democratic · Massachusetts See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 10, 2001
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Nov 29, 2001
Referred to the House Committee on Financial Services.
Nov 29, 2001
Sponsor introductory remarks on measure. (CR H8630-8631)
Nov 29, 2001
Introduced in House
 Plain-English summary Congressional Research Service
Access and Openness in Small Business Lending Act of 2001 - Amends the Equal Credit Opportunity Act to require a depository institution, in the case of an application for credit made by a small business, to: (1) inquire whether the business is a women- or minority-owned business; and (2) maintain a record of the responses to such inquiry separate from the application and accompanying information. Allows any applicant to refuse to provide such information. Prohibits: (1) access to such information by any loan underwriter, officer, employee, or affiliate of the depository institution; and (2) the depository institution from including personally identifiable information in such record of responses. Requires such information to be made available to Federal enforcement agencies. Exempts from such requirements institutions having total assets equal to or less than the exemption amount determined under the Home Mortgage Disclosure Act of 1975.
What's happening now December 10, 2001

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Committees of jurisdiction 2