HR 4192
118th Congress
House
Finance and Financial Sector
Small Business Financing Disclosure Act of 2023
Introduced: June 15, 2023
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
Jun 15, 2023
Referred to the House Committee on Financial Services.
Jun 15, 2023
Introduced in House
Plain-English summary
Small Business Lending Disclosure Act of 2023
This bill applies specified consumer 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
Cosponsors
1