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Small Business Lending Fairness Act

USA116th CongressS-1961| Senate 
| Updated: 6/25/2019
Sherrod Brown

Sherrod Brown

Democratic Senator

Ohio

Cosponsors (1)
Marco Rubio (Republican)

Banking, Housing, and Urban Affairs 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.)
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Timeline
Jun 25, 2019
Introduced in Senate
Jun 25, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 19, 2020

Latest Companion Bill Action

HR 116-3490
Placed on the Union Calendar, Calendar No. 336.
  • June 25, 2019
    Introduced in Senate


  • June 25, 2019
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • March 19, 2020

    Latest Companion Bill Action

    HR 116-3490
    Placed on the Union Calendar, Calendar No. 336.

Finance and Financial Sector

Related Bills

  • HR 116-3490: Small Business Lending Fairness Act
Business ethicsConsumer creditContracts and agencyLawyers and legal services

Small Business Lending Fairness Act

USA116th CongressS-1961| Senate 
| Updated: 6/25/2019
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.)
View Full Text

Suggested Questions

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

Timeline
Jun 25, 2019
Introduced in Senate
Jun 25, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 19, 2020

Latest Companion Bill Action

HR 116-3490
Placed on the Union Calendar, Calendar No. 336.
  • June 25, 2019
    Introduced in Senate


  • June 25, 2019
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • March 19, 2020

    Latest Companion Bill Action

    HR 116-3490
    Placed on the Union Calendar, Calendar No. 336.
Sherrod Brown

Sherrod Brown

Democratic Senator

Ohio

Cosponsors (1)
Marco Rubio (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 116-3490: Small Business Lending Fairness Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business ethicsConsumer creditContracts and agencyLawyers and legal services