US HR1659

Bill

LGBTQ Business Equal Credit Enforcement and Investment Act

Introduced
03/08/2021

In Committee
03/08/2021

Crossed Over

Passed

Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL 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, 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" in the existing data collection requirements. It also adds "sexual orientation and gender identity" as a protected characteristic that must be collected. The bill defines an "LGBTQ-owned business" as one where more than 50% of the ownership or control, and more than 50% of the net profit or loss, is held by individuals who self-identify as lesbian, gay, bisexual, transgender, or queer.

Committee Categories

Business and Industry

Sponsors (37)

Ritchie Torres (D)*, Jake Auchincloss (D), Earl Blumenauer (D), Suzanne Bonamici (D), Kathy Castor (D), Judy Chu (D), David Cicilline (D), Yvette Clarke (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), Alan Lowenthal (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), 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),

Last Action

Referred to the House Committee on Financial Services. (on 03/08/2021)

Official Document

https://www.congress.gov/bill/117th-congress/house-bill/1659/all-info

(3 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/117th-congress/house-bill/1659/all-info
BillText	https://www.congress.gov/117/bills/hr1659/BILLS-117hr1659ih.pdf
Bill	https://www.congress.gov/117/bills/hr1659/BILLS-117hr1659ih.pdf.pdf

Bill	Bill Name	Last Action	Type
HR1443	LGBTQ Business Equal Credit Enforcement and Investment Act	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Same As
HRes486	Providing for consideration of the bill (H.R. 2062) to amend the Age Discrimination in Employment Act of 1967 and other laws to clarify appropriate standards for Federal employment discrimination and retaliation claims, and for other purposes; providing for consideration of the bill (H.R. 239) to amend title 38, United States Code, to provide for limitations on copayments for contraception furnished by the Department of Veterans Affairs, and for other purposes; providing for consideration of the	Motion to reconsider laid on the table Agreed to without objection.	Similar To
S4002	LGBTQ Business Equal Credit Enforcement and Investment Act	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related

Bill > HR1659

US HR1659

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (37)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary