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Small Business Lending Fairness Act

USA117th CongressS-1119| Senate 
| Updated: 4/14/2021
Sherrod Brown

Sherrod Brown

Democratic Senator

Ohio

Cosponsors (3)
Roger Marshall (Republican)Benjamin L. Cardin (Democratic)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

Bill from Previous Congress

S 116-1961
Small Business Lending Fairness Act
Apr 14, 2021

Latest Companion Bill Action

HR 117-2540
Introduced in House
Apr 14, 2021
Introduced in Senate
Apr 14, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • Bill from Previous Congress

    S 116-1961
    Small Business Lending Fairness Act


  • April 14, 2021

    Latest Companion Bill Action

    HR 117-2540
    Introduced in House


  • April 14, 2021
    Introduced in Senate


  • April 14, 2021
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Related Bills

  • HR 117-2547: Comprehensive Debt Collection Improvement Act
  • HR 117-2540: Small Business Lending Fairness Act
Business ethicsConsumer creditContracts and agencyLawyers and legal services

Small Business Lending Fairness Act

USA117th CongressS-1119| Senate 
| Updated: 4/14/2021
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

Bill from Previous Congress

S 116-1961
Small Business Lending Fairness Act
Apr 14, 2021

Latest Companion Bill Action

HR 117-2540
Introduced in House
Apr 14, 2021
Introduced in Senate
Apr 14, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • Bill from Previous Congress

    S 116-1961
    Small Business Lending Fairness Act


  • April 14, 2021

    Latest Companion Bill Action

    HR 117-2540
    Introduced in House


  • April 14, 2021
    Introduced in Senate


  • April 14, 2021
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sherrod Brown

Sherrod Brown

Democratic Senator

Ohio

Cosponsors (3)
Roger Marshall (Republican)Benjamin L. Cardin (Democratic)Marco Rubio (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 117-2547: Comprehensive Debt Collection Improvement Act
  • HR 117-2540: Small Business Lending Fairness Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business ethicsConsumer creditContracts and agencyLawyers and legal services