118 HR 6652 IH: LGBTQI Business Equal Credit Enforcement and Investment Act U.S. House of Representatives 2023-12-06 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

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118th CONGRESS1st Session

H. R. 6652

IN THE HOUSE OF REPRESENTATIVES

December 6, 2023

Mr. Torres of New York (for himself, Mr. Allred, Mrs. Beatty, Mr. Blumenauer, Ms. Bonamici, Ms. Castor of Florida, Ms. Chu, Ms. Davids of Kansas, Mr. Evans, Mr. Foster, Mr. García of Illinois, Ms. Garcia of Texas, Mr. Goldman of New York, Mr. Gottheimer, Mr. Green of Texas, Mr. Grijalva, Mrs. Hayes, Ms. Jayapal, Ms. Kamlager-Dove, Mr. Kim of New Jersey, Ms. Leger Fernandez, Mr. McGovern, Mr. Meeks, Ms. Moore of Wisconsin, Mr. Nadler, Mr. Nickel, Ms. Norton, Mr. Payne, Mr. Pocan, Ms. Salinas, Ms. Schakowsky, Mrs. Sykes, Mr. Takano, Ms. Titus, Mr. Tonko, Ms. Velázquez, and Ms. Wilson of Florida) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the Equal Credit Opportunity Act to require the collection of small business loan data related to LGBTQI-owned businesses.

1.

Short title

This Act may be cited as the

LGBTQI Business Equal Credit Enforcement and Investment Act

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2.

Small business loan data collection

Section 704B of the Equal Credit Opportunity Act (15 U.S.C. 1691c–2) is amended—(1)by inserting LGBTQI-owned, after minority-owned, each place such term appears;(2)in subsection (e)(2)(G), by inserting , sexual orientation, gender identity, intersex status after sex; and(3)in subsection (h), by adding at the end the following:

(7)

LGBTQI-owned business

The term LGBTQI-owned business means a business—(A)more than 50 percent of the ownership or control of which is held by 1 or more individuals self-identifying as lesbian, gay, bisexual, transgender, queer, or intersex; and(B)more than 50 percent of the net profit or loss of which accrues to 1 or more individuals self-identifying as lesbian, gay, bisexual, transgender, queer, or intersex.

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