LGBTQ Business Equal Credit Enforcement and Investment Act This bill requires financial institutions to report certain credit application data to the Consumer Financial Protection Bureau for the purposes of enforcing fair lending laws. Specifically, financial institutions must report this data regarding lesbian-, gay-, bisexual-, transgender-, or queer-owned businesses. Currently, this data is reported regarding women-owned, minority-owned, and small businesses.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Sponsor introductory remarks on measure. (CR H5026)
Introduced in House
Referred to the House Committee on Financial Services.
Sponsor introductory remarks on measure. (CR H5026)
Finance and Financial Sector
Banking and financial institutions regulationBusiness investment and capitalBusiness recordsCredit and credit marketsSex, gender, sexual orientation discriminationSmall business
LGBTQ Business Equal Credit Enforcement and Investment Act
USA116th CongressHR-3374| House
| Updated: 6/21/2019
LGBTQ Business Equal Credit Enforcement and Investment Act This bill requires financial institutions to report certain credit application data to the Consumer Financial Protection Bureau for the purposes of enforcing fair lending laws. Specifically, financial institutions must report this data regarding lesbian-, gay-, bisexual-, transgender-, or queer-owned businesses. Currently, this data is reported regarding women-owned, minority-owned, and small businesses.
Banking and financial institutions regulationBusiness investment and capitalBusiness recordsCredit and credit marketsSex, gender, sexual orientation discriminationSmall business