LGBTQ Business Equal Credit Enforcement and Investment Act

Bill: 117-hr-1443
Sponsor: Rep. Torres, Ritchie [D-NY-15]
Introduced: 2021-02-26 in the House
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation
Business investment and capital
Business records
Consumer credit
Credit and credit markets
Government information and archives
Sex, gender, sexual orientation discrimination
Small business

Summary:
action_date: 2021-02-26
text: 

LGBTQ Business Equal Credit Enforcement and Investment Act

 
This bill requires financial institutions to report certain credit application data to the Consumer Financial Protection Bureau for the purposes of enforcing fair lending laws. Specifically, financial institutions must report this data regarding lesbian-, gay-, bisexual-, transgender-, or queer-owned businesses. Currently, this data is reported regarding women-owned, minority-owned, and small businesses.

action_date: 2021-06-17
text: 

LGBTQ Business Equal Credit Enforcement and Investment Act

 
This bill requires financial institutions to report certain credit application data to the Consumer Financial Protection Bureau for the purposes of enforcing fair lending laws. Specifically, financial institutions must report this data regarding lesbian-, gay-, bisexual-, transgender-, or queer-owned businesses. Currently, this data is reported regarding women-owned, minority-owned, and small businesses.
 
The bill also expresses the sense of Congress that the term 
sex
 as used in the Equal Credit Opportunity Act includes an individual's sexual orientation and gender identity and that such information should be separately collected regarding the credit applications of principal business owners.

action_date: 2021-06-24
text: 

LGBTQ Business Equal Credit Enforcement and Investment Act

 
This bill requires financial institutions to report certain credit application data to the Consumer Financial Protection Bureau for the purposes of enforcing fair lending laws. Specifically, financial institutions must report this data regarding lesbian-, gay-, bisexual-, transgender-, or queer-owned businesses. Currently, this data is reported regarding women-owned, minority-owned, and small businesses.


Legislative actions:
action_date: 2021-07-12
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2021-06-24
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2021-06-24
text: On passage Passed by the Yeas and Nays: 252 - 176 (Roll no. 182). (text: CR H3098)
action_date: 2021-06-24
text: Passed/agreed to in House: On passage Passed by the Yeas and Nays: 252 - 176 (Roll no. 182).(text: CR H3098)
action_date: 2021-06-24
text: Considered as unfinished business. (consideration: CR H3114-3115)
action_date: 2021-06-24
text: POSTPONED PROCEEDINGS - At the conclusion of debate on H. R. 1443, the Chair put the question on passage of the bill and by voice vote, announced that the ayes had prevailed. Mr. Rosendale demanded the yeas and nays and the Chair postponed further proceedings on passage of the bill until a time to be announced.
action_date: 2021-06-24
text: The previous question was ordered pursuant to the rule.
action_date: 2021-06-24
text: DEBATE - The House proceeded with one hour of debate on H.R. 1443.
action_date: 2021-06-24
text: The resolution provides for 1 hour of debate, orders the previous question, and allows a motion to recommit for each measure. Provides that H. Res. 485 is adopted. Provides that anytime through the legislative day of June 25, 2021, the Speaker may entertain motions offered by the Majority Leader or his designee that the House suspend the rules with respect to multiple measures that were the object of motions to suspend the rules on the legislative days of June 22 or 23, and on which the yeas and nays were ordered and further proceedings postponed.
action_date: 2021-06-24
text: Considered under the provisions of rule H. Res. 486. (consideration: CR H3097-3099)
action_date: 2021-06-22
text: Rules Committee Resolution H. Res. 486 Reported to House. The resolution provides for 1 hour of debate, orders the previous question, and allows a motion to recommit for each measure. Provides that H. Res. 485 is adopted. Provides that anytime through the legislative day of June 25, 2021, the Speaker may entertain motions offered by the Majority Leader or his designee that the House suspend the rules with respect to multiple measures that were the object of motions to suspend the rules on the legislative days of June 22 or 23, and on which the yeas and nays were ordered and further proceedings postponed.
action_date: 2021-06-17
text: Placed on the Union Calendar, Calendar No. 46.
action_date: 2021-06-17
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 117-65.
action_date: 2021-06-17
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 117-65.
action_date: 2021-06-15
text: On motion to suspend the rules and pass the bill, as amended Failed by the Yeas and Nays: (2/3 required): 248 - 177 (Roll no. 162).
action_date: 2021-06-15
text: Failed of passage/not agreed to in House: On motion to suspend the rules and pass the bill, as amended Failed by the Yeas and Nays: (2/3 required): 248 - 177 (Roll no. 162).
action_date: 2021-06-15
text: Considered as unfinished business. (consideration: CR H2800-2801)
action_date: 2021-06-15
text: At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
action_date: 2021-06-15
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 1443.
action_date: 2021-06-15
text: Considered under suspension of the rules. (consideration: CR H2787-2789)
action_date: 2021-06-15
text: Ms. Waters moved to suspend the rules and pass the bill, as amended.
action_date: 2021-05-12
text: Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
action_date: 2021-05-12
text: Committee Consideration and Mark-up Session Held.
action_date: 2021-02-26
text: Referred to the House Committee on Financial Services.
action_date: 2021-02-26
text: Introduced in House
action_date: 2021-02-26
text: Introduced in House