Right to Lend Act of 2017

Bill: 115-hr-4452
Sponsor: full_name: Rep. Pittenger, Robert [R-NC-9]
Introduced: 2017-11-17
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation

Business records

Credit and credit markets

Government information and archives

Minority and disadvantaged businesses

Small business

Women in business
Latest action: action_date: 2017-11-17
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2017-11-17
action_desc: Introduced in House
text: <p><b>Right to Lend Act of 2017</b></p> <p>This bill repeals provisions of the Equal Credit Opportunity Act that require a financial institution, in the case of an application for credit by a business, to&nbsp;request information regarding whether the business is a women-owned, minority-owned, or small business.</p>

tv_txt: I 115th CONGRESS 1st Session H. R. 4452 IN THE HOUSE OF REPRESENTATIVES November 17, 2017 Mr. Pittenger introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Equal Credit Opportunity Act to repeal a small business loan data collection requirement.

1. Short title This Act may be cited as the Right to Lend Act of 2017 . 2. Small business loan data collection requirement (a) Repeal Section 704B of the Equal Credit Opportunity Act ( 15 U.S.C. 1691c–2 ) is repealed. (b) Conforming amendments Section 701(b) of the Equal Credit Opportunity Act ( 15 U.S.C. 1691(b) ) is amended— (1) in paragraph (3), by inserting or at the end; (2) in paragraph (4), by striking ; or and inserting a period; and (3) by striking paragraph (5). (c) Clerical amendment The table of sections for title VII of the Consumer Credit Protection Act is amended by striking the item relating to section 704B.