H.R. 941 119th Congress House

Small LENDER Act

Official title: To amend the Equal Credit Opportunity Act to provide for an effective date and a temporary safe harbor for compliance with certain small business lending data collection rules, and for other purposes.

Introduced: February 4, 2025 Introduced by: J. French Hill Republican · Arkansas See on congress.gov

Commerce Banking and financial institutions regulationBusiness recordsData collection, sharing, protectionFinancial services and investmentsSmall business

Everywhere this bill has been 6 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jun 18, 2026

Placed on the Union Calendar, Calendar No. 610.

Jun 18, 2026

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-702.

Apr 21, 2026

Committee Consideration and Mark-up Session Held

Apr 21, 2026

Ordered to be Reported by the Yeas and Nays: 26 - 22.

Feb 4, 2025

Referred to the House Committee on Financial Services.

Feb 4, 2025

Introduced in House

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What's happening now June 18, 2026

Placed on the Union Calendar, Calendar No. 610.

Plain-English summary Congressional Research Service

Small Lenders Exempt from New Data and Excessive Reporting Act or the Small LENDER Act

This bill modifies the requirements for financial institutions to report certain information about small business credit applications to the Consumer Financial Protection Bureau (CFPB) and extends the timeline for compliance with the CFPB rule with respect to such reporting (i.e., Section 1071 final rule). (For background about the CFPB rule and subsequent litigation see CRS Report R47788.)

Under the bill, the reporting requirements apply only to financial institutions that originate at least 500 credit transactions to small businesses in each of the preceding two years. The bill further defines small businesses as those with gross annual revenue of $1 million or less.

The rule currently establishes a phase-in period that ultimately requires institutions that originate over 100 credit transactions to small businesses to comply with the reporting requirements. The rule also defines small businesses as those with gross annual revenue of $5 million or less.

Further, beginning on the date the final CFPB rule was issued (May 31, 2023), the bill provides three years for applicable financial institutions to comply with the rule followed by a two-year safe harbor period during which such institutions are not subject to any penalties for failure to comply with the rule.

Hearings & markups 1

Various Measures
Markup Apr 21, 2026 · 10:00 AM EDT · Financial Services Committee

Bill text 2 versions

Introduced in House Formatted Text PDF Formatted XML
Reported in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Financial Services Committee
House of Representatives

Lobbying activity 43

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

CENTER FOR RESPONSIBLE LENDING, A SUPPORTING CORP OF CTR FOR COMMUNITY SELF-HELP
for CENTER FOR RESPONSIBLE LENDING A SUPPORTING CORP OF CTR FOR COMMUNITY SELF-HELP · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
AMERICAN BANKERS ASSOCIATION
for AMERICAN BANKERS ASSOCIATION · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
CONSUMER BANKERS ASSOCIATION
for CONSUMER BANKERS ASSOCIATION · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
TIBER CREEK GROUP
for EQUIPMENT LEASING AND FINANCE ASSOCIATION · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
INDEPENDENT COMMUNITY BANKERS OF AMERICA
for INDEPENDENT COMMUNITY BANKERS OF AMERICA · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
EQUIPMENT LEASING AND FINANCE ASSOCIATION
for EQUIPMENT LEASING AND FINANCE ASSOCIATION · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)

Bodies those filers lobbied

HOUSE OF REPRESENTATIVES
43 filings
SENATE
43 filings
Treasury, Dept of
36 filings
Federal Reserve System
35 filings
Consumer Financial Protection Bureau (CFPB)
33 filings
Office of Management & Budget (OMB)
22 filings
Office of the Comptroller of the Currency (OCC)
21 filings
Federal Deposit Insurance Corporation (FDIC)
20 filings

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

See all 43 filings →

Cosponsors 16