HR 1748
108th 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
Small business
Women
Women in business
Access and Openness in Small Business Lending Act of 2003
Introduced: April 10, 2003
Introduced by:
McGovern, James P.
Democratic
· Massachusetts
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 29, 2003
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Apr 10, 2003
Referred to the House Committee on Financial Services.
Apr 10, 2003
Introduced in House
Plain-English summary
Access and Openness in Small Business Lending Act of 2003 - 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
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Committees of jurisdiction
2