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Small Business Lending Disclosure Act of 2021

USA117th CongressS-3235| Senate 
| Updated: 11/18/2021
Robert Menendez

Robert Menendez

Democratic Senator

New Jersey

Cosponsors (4)
Catherine Cortez Masto (Democratic)Sherrod Brown (Democratic)Benjamin L. Cardin (Democratic)Ron Wyden (Democratic)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Nov 18, 2021

Latest Companion Bill Action

HR 117-6054
Introduced in House
Nov 18, 2021
Introduced in Senate
Nov 18, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • November 18, 2021

    Latest Companion Bill Action

    HR 117-6054
    Introduced in House


  • November 18, 2021
    Introduced in Senate


  • November 18, 2021
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Related Bills

  • HR 117-6054: Small Business Lending Disclosure Act of 2021

Small Business Lending Disclosure Act of 2021

USA117th CongressS-3235| Senate 
| Updated: 11/18/2021
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.
View Full Text

Suggested Questions

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

Timeline
Nov 18, 2021

Latest Companion Bill Action

HR 117-6054
Introduced in House
Nov 18, 2021
Introduced in Senate
Nov 18, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • November 18, 2021

    Latest Companion Bill Action

    HR 117-6054
    Introduced in House


  • November 18, 2021
    Introduced in Senate


  • November 18, 2021
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Robert Menendez

Robert Menendez

Democratic Senator

New Jersey

Cosponsors (4)
Catherine Cortez Masto (Democratic)Sherrod Brown (Democratic)Benjamin L. Cardin (Democratic)Ron Wyden (Democratic)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 117-6054: Small Business Lending Disclosure Act of 2021
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted