HR. 941Introduced
Small LENDER Act
Modifies CFPB small business lending data reporting requirements by raising the lender threshold, narrowing the small business definition, and extending compliance timing for Section 1071
Plain-English overview
What this bill does
Modifies CFPB small business lending data reporting requirements by raising the lender threshold, narrowing the small business definition, and extending compliance timing for Section 1071
Key points
- Amend reporting thresholds
- Authorize penalty safe harbor
- Modify small business definition
- Extend compliance timeline
Current status
Where it stands
Status
Introduced
Latest action
2026-06-18 — Placed on the Union Calendar, Calendar No. 610.
Related context
Topics and policy areas
undefinedBanking and financial institutions regulationBusiness recordsCommerceData collection, sharing, protectionFinancial services and investmentsSmall business