H.R. 1443 · 117th Congress
LGBTQ Business Equal Credit Enforcement and Investment Act
- Stage
- Passed a chamber
- Sponsor
- Ritchie Torres
- Introduced
- 2021-02-26
- Latest action
- 2021-07-12 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summary
LGBTQ Business Equal Credit Enforcement and Investment Act
This bill requires financial institutions to report certain credit application data to the Consumer Financial Protection Bureau for the purposes of enforcing fair lending laws. Specifically, financial institutions must report this data regarding lesbian-, gay-, bisexual-, transgender-, or queer-owned businesses. Currently, this data is reported regarding women-owned, minority-owned, and small businesses.