Legis Daily

Small Business Lending Disclosure Act of 2021

USA117th CongressHR-6054| House 
| Updated: 11/18/2021
Nydia M. Velázquez

Nydia M. Velázquez

Democratic Representative

New York

Cosponsors (7)
Joyce Beatty (Democratic)Emanuel Cleaver (Democratic)Carolyn B. Maloney (Democratic)Stephen F. Lynch (Democratic)Gregory W. Meeks (Democratic)Maxine Waters (Democratic)Ed Perlmutter (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Small Business Lending Disclosure Act of 2021 This bill applies specified commercial lending protections to small business lending and extends the Consumer Financial Protection Bureau's regulatory authority regarding consumer financial products and services to include small business financing. Among other requirements, lenders offering financial products to small businesses must disclose the terms of the financing upon extending an offer and are prohibited from charging certain additional fees on a refinanced or modified loan.
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Timeline
Nov 18, 2021

Latest Companion Bill Action

S 117-3235
Introduced in Senate
Nov 18, 2021
Introduced in House
Nov 18, 2021
Referred to the House Committee on Financial Services.
  • November 18, 2021

    Latest Companion Bill Action

    S 117-3235
    Introduced in Senate


  • November 18, 2021
    Introduced in House


  • November 18, 2021
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Related Bills

  • S 117-3235: Small Business Lending Disclosure Act of 2021

Small Business Lending Disclosure Act of 2021

USA117th CongressHR-6054| House 
| Updated: 11/18/2021
Small Business Lending Disclosure Act of 2021 This bill applies specified commercial lending protections to small business lending and extends the Consumer Financial Protection Bureau's regulatory authority regarding consumer financial products and services to include small business financing. Among other requirements, lenders offering financial products to small businesses must disclose the terms of the financing upon extending an offer and are prohibited from charging certain additional fees on a refinanced or modified loan.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Nov 18, 2021

Latest Companion Bill Action

S 117-3235
Introduced in Senate
Nov 18, 2021
Introduced in House
Nov 18, 2021
Referred to the House Committee on Financial Services.
  • November 18, 2021

    Latest Companion Bill Action

    S 117-3235
    Introduced in Senate


  • November 18, 2021
    Introduced in House


  • November 18, 2021
    Referred to the House Committee on Financial Services.
Nydia M. Velázquez

Nydia M. Velázquez

Democratic Representative

New York

Cosponsors (7)
Joyce Beatty (Democratic)Emanuel Cleaver (Democratic)Carolyn B. Maloney (Democratic)Stephen F. Lynch (Democratic)Gregory W. Meeks (Democratic)Maxine Waters (Democratic)Ed Perlmutter (Democratic)

Financial Services Committee

Finance and Financial Sector

Related Bills

  • S 117-3235: Small Business Lending Disclosure Act of 2021
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted