summary
Introduced
02/26/2021
02/26/2021
In Committee
05/12/2021
05/12/2021
Crossed Over
07/12/2021
07/12/2021
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
AN ACT To amend the Equal Credit Opportunity Act to require the collection of small business loan data related to LGBTQ- owned businesses.
AI Summary
This bill, known as the LGBTQ Business Equal Credit Enforcement and Investment Act, amends the Equal Credit Opportunity Act to require the collection of small business loan data related to LGBTQ-owned businesses. Specifically, it adds "LGBTQ-owned" alongside "minority-owned" when referring to businesses for which loan data must be collected. It also expands the definition of protected characteristics to include sexual orientation and gender identity. The bill defines an "LGBTQ-owned business" as one where more than 50% of the ownership or control, as well as the net profit or loss, is held by individuals who self-identify as lesbian, gay, bisexual, transgender, or queer.
Committee Categories
Business and Industry, Housing and Urban Affairs
Sponsors (42)
Ritchie Torres (D)*,
Jake Auchincloss (D),
Earl Blumenauer (D),
Suzanne Bonamici (D),
Kathy Castor (D),
Judy Chu (D),
David Cicilline (D),
Yvette Clarke (D),
Sharice Davids (D),
Suzan DelBene (D),
Anna Eshoo (D),
Adriano Espaillat (D),
Teresa Fernandez (D),
Sylvia Garcia (D),
Chuy García (D),
Raúl Grijalva (D),
Alcee Hastings (D),
Jahana Hayes (D),
Hank Johnson (D),
Mondaire Jones (D),
Ro Khanna (D),
Derek Kilmer (D),
Alan Lowenthal (D),
Tom Malinowski (D),
Carolyn Maloney (D),
Jim McGovern (D),
Gregory Meeks (D),
Gwen Moore (D),
Jerry Nadler (D),
Eleanor Holmes Norton (D),
Chris Pappas (D),
Donald Payne (D),
Mark Pocan (D),
Jamie Raskin (D),
Mary Gay Scanlon (D),
Jan Schakowsky (D),
Marilyn Strickland (D),
Dina Titus (D),
Paul Tonko (D),
Nydia Velázquez (D),
Bonnie Watson Coleman (D),
Nikema Williams (D),
Last Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 07/12/2021)
Official Document
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