Legis Daily

Small Business Lending Fairness Act

USA116th CongressHR-3490| House 
| Updated: 3/19/2020
Nydia M. Velázquez

Nydia M. Velázquez

Democratic Representative

New York

Cosponsors (2)
Roger Marshall (Republican)Bradley Scott Schneider (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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 Text Versions

View Text
2 versions available

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Timeline
Jun 25, 2019

Latest Companion Bill Action

S 116-1961
Introduced in Senate
Jun 25, 2019
Introduced in House
Jun 25, 2019
Referred to the House Committee on Financial Services.
Nov 13, 2019
Committee Consideration and Mark-up Session Held.
Nov 14, 2019
Committee Consideration and Mark-up Session Held.
Nov 14, 2019
Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 23.
Mar 19, 2020
Placed on the Union Calendar, Calendar No. 336.
Mar 19, 2020
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-417.
  • June 25, 2019

    Latest Companion Bill Action

    S 116-1961
    Introduced in Senate


  • June 25, 2019
    Introduced in House


  • June 25, 2019
    Referred to the House Committee on Financial Services.


  • November 13, 2019
    Committee Consideration and Mark-up Session Held.


  • November 14, 2019
    Committee Consideration and Mark-up Session Held.


  • November 14, 2019
    Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 23.


  • March 19, 2020
    Placed on the Union Calendar, Calendar No. 336.


  • March 19, 2020
    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-417.

Finance and Financial Sector

Related Bills

  • S 116-1961: Small Business Lending Fairness Act
Business ethicsConsumer creditContracts and agencyLawyers and legal services

Small Business Lending Fairness Act

USA116th CongressHR-3490| House 
| Updated: 3/19/2020
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 Text Versions

View Text
2 versions available

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jun 25, 2019

Latest Companion Bill Action

S 116-1961
Introduced in Senate
Jun 25, 2019
Introduced in House
Jun 25, 2019
Referred to the House Committee on Financial Services.
Nov 13, 2019
Committee Consideration and Mark-up Session Held.
Nov 14, 2019
Committee Consideration and Mark-up Session Held.
Nov 14, 2019
Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 23.
Mar 19, 2020
Placed on the Union Calendar, Calendar No. 336.
Mar 19, 2020
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-417.
  • June 25, 2019

    Latest Companion Bill Action

    S 116-1961
    Introduced in Senate


  • June 25, 2019
    Introduced in House


  • June 25, 2019
    Referred to the House Committee on Financial Services.


  • November 13, 2019
    Committee Consideration and Mark-up Session Held.


  • November 14, 2019
    Committee Consideration and Mark-up Session Held.


  • November 14, 2019
    Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 23.


  • March 19, 2020
    Placed on the Union Calendar, Calendar No. 336.


  • March 19, 2020
    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-417.
Nydia M. Velázquez

Nydia M. Velázquez

Democratic Representative

New York

Cosponsors (2)
Roger Marshall (Republican)Bradley Scott Schneider (Democratic)

Financial Services Committee

Finance and Financial Sector

Related Bills

  • S 116-1961: Small Business Lending Fairness Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business ethicsConsumer creditContracts and agencyLawyers and legal services