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S 1119 117th Congress Senate Finance and Financial Sector Business ethics Consumer credit Contracts and agency Lawyers and legal services

Small Business Lending Fairness Act

Introduced: April 14, 2021 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 14, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 14, 2021
Introduced in Senate
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 Plain-English summary Congressional Research Service

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 April 14, 2021

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

 Related & companion bills 2
  • HR 2547 Related bill Comprehensive Debt Collection Improvement Act
  • HR 2540 Related bill Small Business Lending Fairness Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Marshall, Roger
Kansas · May 26, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1119: Small Business Lending Fairness Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-1119/
MLA
"S. 1119: Small Business Lending Fairness Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-1119/.
Bluebook (legal)
S. 1119, 117th Cong. (2026), https://openamerica.io/bill/117-S-1119/.
Markdown link
[S. 1119: Small Business Lending Fairness Act](https://openamerica.io/bill/117-S-1119/)
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