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- S.4004
S.4004: Small LENDER Act
About This Bill
- Introduced April 5, 2022
- Latest Major Action April 5, 2022
Bill Sponsor
Bill Cosponsors
7 (All Republicans)
Bill Version
- Introduced in Senate - April 5, 2022
Bill Summary
Small Lenders Exempt from New Data and Excessive Reporting Act or the Small LENDER Act This bill exempts certain financial institutions and transactions from the Consumer Financial Protection Bureau (CFPB) reporting requirements with respect to data about small business credit applications. Under the bill, the requirements apply only to financial institutions that originate at least 500 credit transactions to small businesses in each of the...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| April 5, 2022 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
| April 5, 2022 |
Introduced in the Senate by John Boozman (R-Ark.) |