Small Business Lending Fairness Act
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.)
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2021
Committee Review
Floor Vote
President
Introduced Apr 14, 2021
Last action Apr 14, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Apr 14, 2021
Committee
Referred to the House Committee on Financial Services.
lower
Apr 14, 2021
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
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