# 119-hr-941: Small LENDER Act

119-hr-941, Small LENDER Act, is a 119th Congress bill sponsored by Rep. Hill, J. French [R-AR-2] (R-AR); status in_committee; PRIA reads it as touching household money (as of 2026-10-16).

- Canonical: https://policyrisk.com/legislation/119-hr-941
- As of: 2026-10-16
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-941
- Congress: 119
- Title: Small LENDER Act
- Status: in_committee
- Introduced: 2025-02-04
- Sponsor: Rep. Hill, J. French [R-AR-2] (R-AR)
- Cosponsors: 16
- Policy area: Commerce
- Touches household money: yes
- Last recorded action: 2026-10-16

## Summary

**This bill would protect small lenders from immediate new small‑business data collection and reporting requirements by creating a temporary safe harbor and clear applicant disclosures.** It also sets explicit thresholds and limits how the CFPB may gather and use certain demographic information. - Small lenders: Lenders that originated fewer than 2,500 small‑business loans in each of the two prior years or that have assets under $10 billion would be exempt from the rule and get a two‑year non‑enforcement safe harbor. The CFPB also could not require compliance before June 1, 2031. - Small businesses and applicants: Applicants must be told in writing that the Bureau of Consumer Financial Protection requires the data, that providing it is optional, and that their answers will not affect credit decisions. The bill directs the CFPB to create a one‑page, plain English model form. - Data limits and definitions: The bill bars lenders from compiling information based on visual observation or other non‑applicant sources and defines a “small business” as one with $1 million or less in annual revenue.

## Cosponsors (16)

- Rep. Meuser, Daniel [R-PA-9] (R-PA), 2025-02-04T00:00:00.000Z
- Rep. Wagner, Ann [R-MO-2] (R-MO), 2025-02-04T00:00:00.000Z
- Rep. Huizenga, Bill [R-MI-4] (R-MI), 2025-02-04T00:00:00.000Z
- Rep. Timmons, William R. [R-SC-4] (R-SC), 2025-02-04T00:00:00.000Z
- Rep. Moore, Tim [R-NC-14] (R-NC), 2025-02-04T00:00:00.000Z
- Rep. Williams, Roger [R-TX-25] (R-TX), 2025-02-04T00:00:00.000Z
- Rep. Haridopolos, Mike [R-FL-8] (R-FL), 2025-02-12T00:00:00.000Z
- Rep. Nunn, Zachary [R-IA-3] (R-IA), 2025-02-12T00:00:00.000Z
- Rep. Hinson, Ashley [R-IA-2] (R-IA), 2025-05-08T00:00:00.000Z
- Rep. Mackenzie, Ryan [R-PA-7] (R-PA), 2025-05-13T00:00:00.000Z
- Rep. Womack, Steve [R-AR-3] (R-AR), 2025-05-14T00:00:00.000Z
- Rep. Kelly, Trent [R-MS-1] (R-MS), 2025-07-02T00:00:00.000Z
- Rep. Buchanan, Vern [R-FL-16] (R-FL), 2025-07-29T00:00:00.000Z
- Rep. Shreve, Jefferson [R-IN-6] (R-IN), 2025-10-28T00:00:00.000Z
- Rep. Rose, John W. [R-TN-6] (R-TN), 2026-04-20T00:00:00.000Z
- Rep. Wilson, Joe [R-SC-2] (R-SC), 2026-05-04T00:00:00.000Z

## Provisions PRIA read

- New small-business loan reporting rules: mixed, low. This bill would require financial institutions to collect and report certain data about small-business loan applicants to the CFPB. It would define a "small business" as one with $1,000,000 or less in gross annual revenue. Institutions that made fewer than 2,500 small-business credit transactions i…

## Related bills

- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-909: Crime Victims Fund Stabilization Act of 2025
- 119-hr-979: AM Radio for Every Vehicle Act of 2025
- 119-hr-703: Main Street Tax Certainty Act
- 119-hr-452: Miracle on Ice Congressional Gold Medal Act
- 119-hr-2853: Combating Organized Retail Crime Act of 2025

## Sources
- [119-hr-941 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/941)

## Related
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-909: Crime Victims Fund Stabilization Act of 2025](https://policyrisk.com/legislation/119-hr-909)
- [119-hr-979: AM Radio for Every Vehicle Act of 2025](https://policyrisk.com/legislation/119-hr-979)
- [119-hr-703: Main Street Tax Certainty Act](https://policyrisk.com/legislation/119-hr-703)
- [119-hr-452: Miracle on Ice Congressional Gold Medal Act](https://policyrisk.com/legislation/119-hr-452)
- [119-hr-2853: Combating Organized Retail Crime Act of 2025](https://policyrisk.com/legislation/119-hr-2853)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-941 (as of 2026-10-16).