1071 Repeal to Protect Small Business Lending Act
Sponsored By: Representative Williams (TX)
In Committee
Summary
Repeal of small-business loan data reporting. This bill would eliminate the federal requirement for financial institutions to collect and report standardized data on small business loan applications under Section 1071 of the Dodd-Frank Act.
Show full summary
- Financial institutions would no longer have to collect and submit small business lending data, reducing compliance work and related costs for banks and lenders.
- Small businesses could face fewer application disclosures and may see smoother access to credit if lenders cut compliance-related delays.
- The change removes Section 1071 from the Dodd-Frank Act and Section 704B from the Equal Credit Opportunity Act and strips the corresponding table of contents entries from both laws.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Repeal of small business loan reporting
This bill would remove federal rules that require many lenders to collect and report small-business loan data. If enacted, covered lenders would no longer have those reporting duties, effective upon enactment. Lenders could save money on compliance. The public and regulators would have less data about small-business lending. That could reduce transparency and make it harder to spot discrimination or gaps in lending.
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Sponsors & CoSponsors
Sponsor
Williams (TX)
TX • R
Cosponsors
Huizenga
MI • R
Sponsored 2/4/2025
Flood
NE • R
Sponsored 2/4/2025
Meuser
PA • R
Sponsored 2/4/2025
Wagner
MO • R
Sponsored 2/4/2025
De La Cruz
TX • R
Sponsored 2/4/2025
Nunn (IA)
IA • R
Sponsored 2/4/2025
Downing
MT • R
Sponsored 2/4/2025
Donalds
FL • R
Sponsored 2/4/2025
Haridopolos
FL • R
Sponsored 2/4/2025
Lucas
OK • R
Sponsored 2/4/2025
Garbarino
NY • R
Sponsored 2/4/2025
Finstad
MN • R
Sponsored 2/4/2025
Moore (NC)
NC • R
Sponsored 2/4/2025
Barr
KY • R
Sponsored 2/4/2025
Collins
GA • R
Sponsored 2/4/2025
Davidson
OH • R
Sponsored 2/4/2025
Kustoff
TN • R
Sponsored 2/4/2025
Bergman
MI • R
Sponsored 2/4/2025
Tenney
NY • R
Sponsored 2/4/2025
Norman
SC • R
Sponsored 2/4/2025
Ogles
TN • R
Sponsored 2/4/2025
Ezell
MS • R
Sponsored 2/4/2025
Yakym
IN • R
Sponsored 2/4/2025
Jackson (TX)
TX • R
Sponsored 2/4/2025
Grothman
WI • R
Sponsored 2/4/2025
Loudermilk
GA • R
Sponsored 2/4/2025
Gill (TX)
TX • R
Sponsored 2/4/2025
Taylor
OH • R
Sponsored 2/4/2025
Van Duyne
TX • R
Sponsored 2/4/2025
Hageman
WY • R
Sponsored 2/6/2025
Murphy
NC • R
Sponsored 2/6/2025
Graves
MO • R
Sponsored 2/6/2025
Guest
MS • R
Sponsored 2/6/2025
Sessions
TX • R
Sponsored 2/6/2025
Schmidt
KS • R
Sponsored 2/7/2025
Fitzgerald
WI • R
Sponsored 2/7/2025
Palmer
AL • R
Sponsored 2/10/2025
Stutzman
IN • R
Sponsored 2/10/2025
Kelly (MS)
MS • R
Sponsored 2/10/2025
Johnson (SD)
SD • R
Sponsored 2/10/2025
Mann
KS • R
Sponsored 2/11/2025
Smith (NE)
NE • R
Sponsored 2/14/2025
Cloud
TX • R
Sponsored 2/14/2025
Goldman (TX)
TX • R
Sponsored 2/26/2025
Carter (TX)
TX • R
Sponsored 3/3/2025
Self
TX • R
Sponsored 3/10/2025
Lawler
NY • R
Sponsored 3/31/2025
Rose
TN • R
Sponsored 4/1/2025
Miller-Meeks
IA • R
Sponsored 4/10/2025
Van Drew
NJ • R
Sponsored 4/10/2025
Alford
MO • R
Sponsored 4/17/2025
Wied
WI • R
Sponsored 4/17/2025
Roll Call Votes
No roll call votes available for this bill.
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