S. 557In Committee
1071 Repeal to Protect Small Business Lending Act
Plain-English overview
What this bill does
Repeals the requirement that financial institutions collect and report small business loan application data, including demographic and geographic information, to the Consumer Financial Protection Bureau
Key points
- Repeal small business loan data collection requirements
- Repeal CFPB reporting requirements
Current status
Where it stands
Status
In Committee
Latest action
2025-02-12 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Related context
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Discovery signals
About these signals
Impact and Momentum are relative discovery aids calculated by Legislation Lemur. They help you scan the congressional record; they are not predictions, endorsements, ideological ratings, or measures of policy importance.
Impact ScoreOverall observed legislative footprint and accumulated activity.
MomentumHow recently active or changing the bill appears in available data.