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- H.R.3490
H.R.3490: Small Business Lending Fairness Act
About This Bill
- Introduced June 25, 2019
- Latest Major Action March 19, 2020
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Versions
- Reported in House - March 19, 2020
- Introduced in House - June 25, 2019
Bill Summary
Small Business Lending Fairness Act This bill prohibits as a condition to a loan or extension of credit a confession of judgment or similar agreement. (A confession of judgment is an agreement to a judgment of liability without notice and opportunity to be heard in court in the event of the default of a borrower.)
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| March 19, 2020 |
Placed on the Union Calendar, Calendar No. 336.
|
| March 19, 2020 |
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-417.
|
| Nov. 14, 2019 |
Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 23.
|
| Nov. 14, 2019 |
Committee Consideration and Mark-up Session Held.
|
| Nov. 13, 2019 |
Committee Consideration and Mark-up Session Held.
|
| June 25, 2019 |
Referred to the House Committee on Financial Services.
|
| June 25, 2019 |
Introduced in the House by Nydia M. Velázquez (D-N.Y.) |