S 557
1071 Repeal to Protect Small Business Lending Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 9:03 AM
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill aims to eliminate a requirement that financial institutions collect and report detailed data about small business loan applications. Currently, banks and credit unions must track information about loan requests from women-owned, minority-owned, and small businesses, including applicant demographics and financial details. Supporters argue that these data collection rules increase costs for lenders and could limit access to credit for small businesses. The bill seeks to reduce these regulatory burdens and promote more readily available lending options.
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