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Small Business Lending Fairness Act

Introduced: April 15, 2021 Introduced by: Waters, Maxine Democratic · California See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 22 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 17, 2021
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 13, 2021
Motion to reconsider laid on the table Agreed to without objection.
May 13, 2021
On passage Passed by the Yeas and Nays: 215 - 207 (Roll no. 141).
May 13, 2021
The previous question was ordered pursuant to the rule.
May 13, 2021
POSTPONED PROCEEDINGS - At the conclusion of debate on the Wagner amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mrs. Wagner demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
May 13, 2021
Motion to reconsider laid on the table. Agreed to without objection.
May 13, 2021
DEBATE - Pursuant to the provisions of H. Res. 380, the House proceeded with 10 minutes of debate on the Wagner amendment No. 9.
May 13, 2021
POSTPONED PROCEEDINGS - At the conclusion of debate on the Waters amendment en bloc No. 2, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mrs. Wagner demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
May 13, 2021
DEBATE - Pursuant to the provisions of H. Res. 380, the House proceeded with 20 minutes of debate on the Waters amendment en bloc No. 2.
May 13, 2021
POSTPONED PROCEEDINGS - At the conclusion of debate on the Waters amendment en bloc No. 1, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mrs. Wagner demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
May 13, 2021
DEBATE - Pursuant to the provisions of H. Res. 380, the House proceeded with 20 minutes of debate on the Waters amendment en bloc No. 1.
May 13, 2021
DEBATE - The House proceeded with one hour of debate on H.R. 2547.
May 13, 2021
Rule provides for consideration of H.R. 2547 and H.R. 1065. Measure will be considered read. Specified amendments are in order. The previous question on each measure is considered ordered without intervening motions except one hour of debate and a motion to recommit. H. Res. 379 is adopted.
May 13, 2021
Considered under the provisions of rule H. Res. 380. (consideration: CR H2276-2295; text: CR H2276-2279)
May 11, 2021
Rules Committee Resolution H. Res. 380 Reported to House. Rule provides for consideration of H.R. 2547 and H.R. 1065. Measure will be considered read. Specified amendments are in order. The previous question on each measure is considered ordered without intervening motions except one hour of debate and a motion to recommit. H. Res. 379 is adopted.
Apr 30, 2021
Placed on the Union Calendar, Calendar No. 10.
Apr 30, 2021
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-23.
Apr 21, 2021
Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 23.
Apr 21, 2021
Committee Consideration and Mark-up Session Held.
Apr 20, 2021
Committee Consideration and Mark-up Session Held.
Apr 15, 2021
Referred to the House Committee on Financial Services.
Apr 15, 2021
Introduced in House
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
May 13, 2021 House · vote #141 On Passage Passed 215–207 See who voted →
 Amendments to this bill 4

2 agreed to 2 failed

AmendmentSponsorPurposeStatusLatest action
HAMDT 48 Wagner, Ann Amendment sought to replace the underlying bill with targeted approaches to improve the debt collection and c… Failed May 13, 2021
HAMDT 47 Waters, Maxine Amendments en bloc No. 2 comprised of amendments numbered 4 and 8, printed in Part B of House Report 117-29. Failed May 13, 2021
HAMDT 46 Waters, Maxine Amendments en bloc No. 1 comprised of amendments numbered 1, 2, 3, 5, 6, 7, 10, 11, 12, 13, and 14, printed i… Agreed to May 13, 2021
HAMDT 45 — Pursuant to the provisions of H. Res. 380, the amendment in the nature of a substitute recommended by the Com… Agreed to May 13, 2021
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 Plain-English summary Congressional Research Service

Comprehensive Debt Collection Improvement Act

This bill generally provides additional financial protections for consumers and places restrictions on debt collection activities.

Regarding additional consumer protections, the bill

  • expands certain protections currently applicable to federally backed student loans to private student loans, including by requiring the discharge of a private student loan in the event of the borrower's death or total and permanent disability;
  • prohibits a consumer reporting agency from adding any information related to a debt arising from a medically necessary procedure to a consumer credit report and places restrictions on the reporting of other types of medical debt; and
  • applies certain consumer protections regarding debt collection to debt owed to a federal agency, states, debt buyers, and businesses engaged in nonjudicial foreclosures.

It also prohibits certain loan conditions that limit a borrower's opportunity to be heard in court in the event of default.

Additionally, the bill restricts debt collectors and debt collection practices by

  • prohibiting a debt collector from representing to a service member that failure to cooperate with a debt collector will result in a reduction of rank or similar action, and
  • limiting a debt collector's electronic communications with a debtor without the debtor's permission.
What's happening now May 17, 2021

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Related & companion bills 12
  • HR 1657 Related bill Ending Debt Collection Harassment Act of 2021
  • HRES 380 Related bill Providing for consideration of the bill (H.R. 2547) to expand and enhance consumer, student, servicemember, and small b…
  • S 1119 Related bill Small Business Lending Fairness Act
  • HR 2135 Related bill Fair Debt Collection Improvement Act
  • HR 2458 Related bill Non-Judicial Foreclosure Debt Collection Clarification Act
  • HR 2498 Related bill Private Loan Disability Discharge Act of 2021
  • HR 2537 Related bill Consumer Protection for Medical Debt Collections Act
  • HR 2540 Related bill Small Business Lending Fairness Act
  • HR 2572 Related bill Stop Debt Collection Abuse Act of 2021
  • HR 2628 Related bill Debt Collection Practices Harmonization Act
  • HR 3092 Related bill Ryan Frascone Memorial Student Loan Relief Act of 2021
  • S 2544 Related bill Ryan Frascone Memorial Student Loan Relief Act of 2021
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 7
All 7 Democratic 7
D
Auchincloss, Jake
Massachusetts · Apr 15, 2021
 D
Cleaver, Emanuel
Missouri · Apr 15, 2021
 D
Dean, Madeleine
Pennsylvania · Apr 15, 2021
 D
Meeks, Gregory W.
New York · Apr 15, 2021
 D
Pressley, Ayanna
Massachusetts · Apr 15, 2021
 D
Tlaib, Rashida
Michigan · Apr 15, 2021
 D
Velázquez, Nydia M.
New York · Apr 15, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2547: Comprehensive Debt Collection Improvement Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-2547/
MLA
"H.R. 2547: Comprehensive Debt Collection Improvement Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-2547/.
Bluebook (legal)
H.R. 2547, 117th Cong. (2026), https://openamerica.io/bill/117-HR-2547/.
Markdown link
[H.R. 2547: Comprehensive Debt Collection Improvement Act](https://openamerica.io/bill/117-HR-2547/)
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