To require the Bureau of Consumer Financial Protection to issue a before deleting or modifying certain small business loan data, and for other purposes.

Bill: 117-hr-6739
Sponsor: full_name: Rep. Luetkemeyer, Blaine [R-MO-3]
Introduced: 2022-02-15
Policy area: Finance and Financial Sector
Latest action: action_date: 2022-02-15
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2022-02-15
action_desc: Introduced in House
text: <p>This bill requires the Consumer Financial Protection Bureau to issue a rule prior to deleting or modifying publicly available small business loan data due to privacy concerns. Specifically, the bureau must describe the intended modifications and deletions and explain how such modifications and deletions will advance a privacy interest. </p>

tv_txt: I 117th CONGRESS 2d Session H. R. 6739 IN THE HOUSE OF REPRESENTATIVES February 15, 2022 Mr. Luetkemeyer (for himself, Mr. Hill , and Mr. Williams of Texas ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To require the Bureau of Consumer Financial Protection to issue a rule before deleting or modifying certain small business loan data, and for other purposes.

1. Rulemaking requirement Section 704B(e)(4) of Equal Credit Opportunity Act ( 15 U.S.C. 1691c–2(e)(4) ) is amended— (1) by striking The Bureau may, and inserting: (A) In general The Bureau may, ; and (2) by adding at the end the following: (B) Rulemaking requirement The Bureau shall, before deleting or modifying data under this paragraph issue, through advance notice and comment, a rule that includes a description of what modifications and deletions the Bureau intends to make to the data and how such modifications and deletions will advance a privacy interest. .