Preserving Small Business Lending Act of 2020

Bill: 116-hr-5574
Sponsor: full_name: Rep. Williams, Roger [R-TX-25]
Introduced: 2020-01-10
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation

Business records

Government information and archives

Minority and disadvantaged businesses

Small business

Women in business
Latest action: action_date: 2020-01-10
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2020-01-10
action_desc: Introduced in House
text: <p><b>Preserving Small Business Lending Act of 2020 </b></p> <p>This bill repeals provisions requiring financial institutions to collect and report to the Consumer Financial Protection Bureau specified information regarding women-owned, minority-owned, and small businesses applying for a loan. </p>

tv_txt: I 116th CONGRESS 2d Session H. R. 5574 IN THE HOUSE OF REPRESENTATIVES January 10, 2020 Mr. Williams (for himself, Mr. Gooden , Mr. John W. Rose of Tennessee , Mr. Barr , Mr. Loudermilk , and Mr. Budd ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To repeal the small business loan data collection requirement established by section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

1. Short title This Act may be cited as the Preserving Small Business Lending Act of 2020 . 2. Repeal of small business loan data collection requirement (a) In general Public Law 93–495 is amended— (1) in section 701(b) ( 15 U.S.C. 1691(b) )— (A) in paragraph (3), by adding or at the end; (B) in paragraph (4), by striking ; or and inserting a period; and (C) by striking paragraph (5); (2) by striking section 704B ( 15 U.S.C. 1691c–2 ); and (3) in the table of contents of such Act, by striking the item relating to section 704B. (b) Conforming amendment The Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5301 et seq.) is amended— (1) by striking section 1071; and (2) in the table of contents for such Act, by striking the item relating to section 1071.