summary
Introduced
11/17/2017
11/17/2017
In Committee
11/17/2017
11/17/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Right to Lend Act of 2017 This bill repeals provisions of the Equal Credit Opportunity Act that require a financial institution, in the case of an application for credit by a business, to request information regarding whether the business is a women-owned, minority-owned, or small business.
AI Summary
This bill, the Right to Lend Act of 2017, repeals a provision of the Equal Credit Opportunity Act that requires financial institutions to collect and report data on whether a business applying for credit is women-owned, minority-owned, or a small business. The bill also makes conforming amendments to remove references to this data collection requirement from the Equal Credit Opportunity Act. The goal of the bill is to eliminate this particular data collection mandate for financial institutions when processing business credit applications.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Referred to the House Committee on Financial Services. (on 11/17/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/house-bill/4452/all-info |
| BillText | https://www.congress.gov/115/bills/hr4452/BILLS-115hr4452ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr4452/BILLS-115hr4452ih.pdf.pdf |
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