[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1443 Reported in House (RH)]

<DOC>





                                                  Union Calendar No. 46
117th CONGRESS
  1st Session
                                H. R. 1443

                          [Report No. 117-65]

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 26, 2021

 Mr. Torres of New York (for himself, Mr. Auchincloss, Mr. Blumenauer, 
 Ms. Bonamici, Ms. Castor of Florida, Mr. Cicilline, Ms. Clarke of New 
 York, Ms. DelBene, Ms. Eshoo, Mr. Espaillat, Ms. Garcia of Texas, Mr. 
Garcia of Illinois, Mr. Grijalva, Mr. Hastings, Mrs. Hayes, Mr. Johnson 
of Georgia, Mr. Jones, Mr. Khanna, Ms. Leger Fernandez, Mr. Lowenthal, 
    Mrs. Carolyn B. Maloney of New York, Mr. McGovern, Ms. Moore of 
 Wisconsin, Mr. Nadler, Ms. Norton, Mr. Pappas, Mr. Payne, Mr. Raskin, 
Ms. Scanlon, Ms. Schakowsky, Ms. Strickland, Ms. Velazquez, Mrs. Watson 
Coleman, Ms. Titus, Mr. Meeks, and Mr. Tonko) introduced the following 
    bill; which was referred to the Committee on Financial Services

                             June 17, 2021

  Additional sponsors: Ms. Chu, Ms. Davids of Kansas, Mr. Pocan, Mr. 
          Malinowski, Ms. Williams of Georgia, and Mr. Kilmer

                             June 17, 2021

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed
 [Strike out all after the enacting clause and insert the part printed 
                               in italic]
    [For text of introduced bill, see copy of bill as introduced on 
                           February 26, 2021]


_______________________________________________________________________

                                 A BILL


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


 


    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``LGBTQ Business Equal Credit 
Enforcement and Investment Act''.

SEC. 2. SMALL BUSINESS LOAN DATA COLLECTION.

    (a) In General.--Section 704B of the Equal Credit Opportunity Act 
(15 U.S.C. 1691c-2) is amended--
            (1) by inserting ``LGBTQ-owned,'' after ``minority-owned,'' 
        each place such term appears;
            (2) in subsection (e)(2)(G), by inserting ``, sexual 
        orientation, gender identity'' after ``sex''; and
            (3) in subsection (h), by adding at the end the following:
            ``(7) LGBTQ-owned business.--The term `LGBTQ-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, or 
                queer; 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, or 
                queer.''.
    (b) Sense of Congress.--It is the sense of the Congress that the 
term ``sex'', as used within the Equal Credit Opportunity Act, includes 
an individual's sexual orientation and gender identity, and that this 
Act, in part, clarifies that the sex, sexual orientation, and gender 
identity of the principal owners of a business should be collected 
under section 704B of the Equal Credit Opportunity Act as three 
separate forms of information.
                                                  Union Calendar No. 46

117th CONGRESS

  1st Session

                               H. R. 1443

                          [Report No. 117-65]

_______________________________________________________________________

                                 A BILL

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

_______________________________________________________________________

                             June 17, 2021

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed