# 119-hres-1267: Expressing the sense of the House of Representatives that small business owners seeking financing have fundamental rights, including transparent pricing and terms, competitive products, responsible underwriting, fair treatment from financing providers, brokers, and lead generators, inclusive credit access, and fair collection practices.

119-hres-1267, Expressing the sense of the House of Representatives that small business owners seeking financing have fundamental rights, including transparent pricing and terms, competitive products, responsible underwriting, fair treatment from financing providers, brokers, and lead generators, inclusive credit access, and fair collection practices., is a 119th Congress bill sponsored by Rep. Simon, Lateefah [D-CA-12] (D-CA); status introduced (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hres-1267
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hres-1267
- Congress: 119
- Title: Expressing the sense of the House of Representatives that small business owners seeking financing have fundamental rights, including transparent pricing and terms, competitive products, responsible underwriting, fair treatment from financing providers, brokers, and lead generators, inclusive credit access, and fair collection practices.
- Status: introduced
- Introduced: 2026-05-07
- Sponsor: Rep. Simon, Lateefah [D-CA-12] (D-CA)
- Cosponsors: 1
- Policy area: Commerce
- Touches household money: no
- Last recorded action: 2026-09-21

## Summary

**Transparent, fair, and responsible financing for small businesses.** This resolution would set a non‑binding list of rights for small business borrowers, from clear written pricing and responsible underwriting to fair communications and collection practices, and it urges lawmakers to use those rights as a framework for future laws and rules. - Small business owners would be recognized as having a right to clear, written pricing and terms, access to competitive products, and underwriting that assesses the business's ability to repay. It would also call for honest disclosures, equal treatment under the Equal Credit Opportunity Act, protections under the Fair Debt Collection Practices Act, and limits on pre‑dispute confessions of judgment. - Congress and regulators would be urged to adopt these principles when crafting legislation and rules to protect and expand Main Street businesses. The resolution notes there are more than 33.2 million small businesses, which account for 99 percent of U.S. firms.

## Cosponsors (1)

- Rep. Velázquez, Nydia M. [D-NY-7] (D-NY), 2026-05-07T00:00:00.000Z

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-7973: Momnibus Act
- 119-hr-5658: Child Care for Every Community Act

## Sources
- [119-hres-1267 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-resolution/1267)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-5658: Child Care for Every Community Act](https://policyrisk.com/legislation/119-hr-5658)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hres-1267 (as of 2026-09-21).