HR 3490
116th Congress
House
Finance and Financial Sector
Business ethics
Consumer credit
Contracts and agency
Lawyers and legal services
Small Business Lending Fairness Act
Introduced: June 25, 2019
Introduced by:
Velázquez, Nydia M.
Democratic
· New York
See on congress.gov
Everywhere this bill has been
7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 19, 2020
Placed on the Union Calendar, Calendar No. 336.
Mar 19, 2020
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-417.
Nov 14, 2019
Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 23.
Nov 14, 2019
Committee Consideration and Mark-up Session Held.
Nov 13, 2019
Committee Consideration and Mark-up Session Held.
Jun 25, 2019
Referred to the House Committee on Financial Services.
Jun 25, 2019
Introduced in House
Plain-English summary
Small Business Lending Fairness Act
This bill prohibits as a condition to a loan or extension of credit a confession of judgment or similar agreement. (A confession of judgment is an agreement to a judgment of liability without notice and opportunity to be heard in court in the event of the default of a borrower.)
What's happening now
Placed on the Union Calendar, Calendar No. 336.
Committees of jurisdiction
1