1071 Repeal to Protect Small Business Lending Act
Official title: A bill to repeal the small business loan data collection requirements under the Equal Credit Opportunity Act.
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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
1071 Repeal to Protect Small Business Lending Act
This bill repeals the statute that requires financial institutions to collect data regarding applications for women-owned, minority-owned, or small business loans. Currently, financial institutions must collect and report to the Consumer Financial Protection Bureau information on (1) how many applications were received; (2) the disposition of each application; (3) the type of loan; (4) the amount applied for; (5) the amount approved; and (6) each applicant’s census tract, revenue, race, sex, and ethnicity.
- Introduced in Senate Formatted Text PDF Formatted XML
- GOWEST CREDIT UNION ASSOCIATION
- NEW YORK BANKERS ASSOCIATION
- AMERICAN BANKERS ASSOCIATION
- NATIONAL AUTOMOBILE DEALERS ASSOCIATION
- TIBER CREEK GROUP
- EQUIPMENT LEASING AND FINANCE ASSOCIATION
Bodies those filers lobbied
- HOUSE OF REPRESENTATIVES
- SENATE
- Consumer Financial Protection Bureau (CFPB)
- Treasury, Dept of
- Federal Reserve System
- Small Business Administration (SBA)
- Internal Revenue Service (IRS)
- Federal Deposit Insurance Corporation (FDIC)
Cite this page
U.S. Congress. (2026). S. 557: 1071 Repeal to Protect Small Business Lending Act. 119th Congress. Open America. https://openamerica.io/bill/119-S-557/
"S. 557: 1071 Repeal to Protect Small Business Lending Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-557/.
S. 557, 119th Cong. (2026), https://openamerica.io/bill/119-S-557/.
[S. 557: 1071 Repeal to Protect Small Business Lending Act](https://openamerica.io/bill/119-S-557/)