HR 1659 117th Congress House Finance and Financial Sector Banking and financial institutions regulation Business investment and capital Business records Consumer credit Credit and credit markets Sex, gender, sexual orientation discrimination Small business

LGBTQ Business Equal Credit Enforcement and Investment Act

Introduced: March 8, 2021 Introduced by: Torres, Ritchie Democratic · New York See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 8, 2021

Referred to the House Committee on Financial Services.

Mar 8, 2021

Introduced in House

Plain-English summary Congressional Research Service

LGBTQ Business Equal Credit Enforcement and Investment Act

This bill requires financial institutions to report certain credit application data to the Consumer Financial Protection Bureau for the purposes of enforcing fair lending laws. Specifically, financial institutions must report this data regarding lesbian-, gay-, bisexual-, transgender-, or queer-owned businesses. Currently, this data is reported regarding women-owned, minority-owned, and small businesses.

What's happening now March 8, 2021

Referred to the House Committee on Financial Services.

Committees of jurisdiction 1