HR 941
Small LENDER Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 2:57 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Small Lenders Exempt from New Data and Excessive Reporting Act, modifies rules about how financial institutions report data on small business loans to the Consumer Financial Protection Bureau (CFPB). It provides a longer timeline – three years – for smaller lenders to comply with the reporting requirements, and then offers a two-year ‘safe harbor’ period where they won’t face penalties for non-compliance. The bill specifically exempts financial institutions that originate fewer than 500 small business loans annually from these reporting requirements, defining a small business as one with $1 million or less in annual revenue.
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