3.0.0 6732 2022-12-30T04:18:55Z 2022-12-30T04:18:55Z House HR 2022-02-15 117 [Congressional Record Volume 168, Number 30 (Tuesday, February 15, 2022)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. HILL:H.R. 6732.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the U.S. Constitution[Page H1124]]]> hsba00 Financial Services Committee House Standing Referred to 2022-02-15T15:03:15Z Small LENDER Act 117 4004 S 2022-04-05 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2022-02-15 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2022-02-15 Sponsor introductory remarks on measure. (CR H1323) IntroReferral B00100 9 Library of Congress 2022-02-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2022-02-15 Introduced in House IntroReferral 1000 9 Library of Congress H001072 Rep. Hill, J. French [R-AR-2] J. Hill R AR French 2 N L000569 Rep. Luetkemeyer, Blaine [R-MO-3] Blaine Luetkemeyer R MO 3 2022-02-15 True W000816 Rep. Williams, Roger [R-TX-25] Roger Williams R TX 25 2022-02-15 True H001091 Rep. Hinson, Ashley [R-IA-1] Ashley Hinson R IA 1 2022-03-17 False G000552 Rep. Gohmert, Louie [R-TX-1] Louie Gohmert R TX 1 2022-03-17 False K000397 Rep. Kim, Young [R-CA-39] Young Kim R CA 39 2022-03-30 False F000446 Rep. Feenstra, Randy [R-IA-4] Randy Feenstra R IA 4 2022-03-31 False K000392 Rep. Kustoff, David [R-TN-8] David Kustoff R TN 8 2022-05-10 False T000480 Rep. Timmons, William R. IV [R-SC-4] William Timmons R SC R. 4 2022-05-11 False Commerce Commerce 00 2022-02-15 Introduced in House 2022-11-25T14:39:51Z 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 preceding two years. The bill further defines small businesses as those with annual revenue of $1 million or less.

Currently, the CFPB has proposed a rule that the requirements apply only to financial institutions that originate at least 25 annual credit transactions to small businesses in each of the preceding two years. The rule further defines small businesses as those with annual revenue of $5 million or less.

]]> Small LENDER Act Display Title Small LENDER Act Short Title(s) as Introduced Small LENDER Act Introduced in House IH Short Title(s) as Introduced Small Lenders Exempt from New Data and Excessive Reporting Act Introduced in House IH Official Title as Introduced To alter requirements associated with small business loan data collection, and for other purposes. Introduced in House IH Introduced in House 2022-02-15T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr6732ih/xml/BILLS-117hr6732ih.xml 2022-02-15 Referred to the House Committee on Financial Services. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.