# 116-hr-3490: Small Business Lending Fairness Act

116-hr-3490, Small Business Lending Fairness Act, is a 116th Congress bill sponsored by Rep. Velázquez, Nydia M. [D-NY-7] (D-NY); status Placed on the Union Calendar, Calendar No. 336. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-3490
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-3490
- Congress: 116
- Title: Small Business Lending Fairness Act
- Status: Placed on the Union Calendar, Calendar No. 336.
- Introduced: 2019-06-25
- Sponsor: Rep. Velázquez, Nydia M. [D-NY-7] (D-NY)
- Cosponsors: 2
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Small Business Lending Fairness Act This bill prohibits as a condition to a loan or extension of credit a confession of judgment or similar agreement. (A confession of judgment is an agreement to a judgment of liability without notice and opportunity to be heard in court in the event of the default of a borrower.)

## Cosponsors (2)

- Sen. Marshall, Roger [R-KS] (R-KS), 2019-06-25T00:00:00.000Z
- Rep. Schneider, Bradley Scott [D-IL-10] (D-IL), 2019-06-25T00:00:00.000Z

## Related bills

- 116-hr-8662: Accelerating Access to Critical Therapies for ALS Act
- 116-hr-7642: Coronavirus Economic Relief for Transportation Services Act
- 116-hr-7092: Great American Outdoors Act
- 116-hr-6829: EMPIL–DOC Act
- 116-hr-4305: PAWS for Veterans Therapy Act
- 116-hr-4194: National Suicide Hotline Designation Act of 2019

## Sources
- [116-hr-3490 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/3490)

## Related
- [116-hr-8662: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/116-hr-8662)
- [116-hr-7642: Coronavirus Economic Relief for Transportation Services Act](https://policyrisk.com/legislation/116-hr-7642)
- [116-hr-7092: Great American Outdoors Act](https://policyrisk.com/legislation/116-hr-7092)
- [116-hr-6829: EMPIL–DOC Act](https://policyrisk.com/legislation/116-hr-6829)
- [116-hr-4305: PAWS for Veterans Therapy Act](https://policyrisk.com/legislation/116-hr-4305)
- [116-hr-4194: National Suicide Hotline Designation Act of 2019](https://policyrisk.com/legislation/116-hr-4194)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-3490 (as of 2025-11-18).