HR 6054
117th Congress
House
Finance and Financial Sector
Small Business Lending Disclosure Act of 2021
Introduced: November 18, 2021
Introduced by:
Velázquez, Nydia M.
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
Nov 18, 2021
Referred to the House Committee on Financial Services.
Nov 18, 2021
Introduced in House
Plain-English summary
Small Business Lending Disclosure Act of 2021
This bill applies specified commercial lending protections to small business lending and extends the Consumer Financial Protection Bureau's regulatory authority regarding consumer financial products and services to include small business financing. Among other requirements, lenders offering financial products to small businesses must disclose the terms of the financing upon extending an offer and are prohibited from charging certain additional fees on a refinanced or modified loan.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1