Small Business Lending Disclosure Act of 2021
Summary
Small Business Lending Disclosure Act of 2021 This bill applies specified commercial lending protections to small business lending and extends the Consumer Financial Protection Bureau's regulatory authority regarding consumer financial products and services to include small business financing. Among other requirements, lenders offering financial products to small businesses must disclose the terms of the financing upon extending an offer and are prohibited from charging certain additional fees on a refinanced or modified loan.
Bill status
in committee
1 of 4 stages cleared
Introduction
Nov 2021
Committee Review
Floor Vote
President
Introduced Nov 18, 2021
Last action Nov 18, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Nov 18, 2021
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Nov 18, 2021
Introduced
Introduced in Senate
upper
1 primary · 4 co-sponsors
Sponsors
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