Small Business Financing Disclosure Act of 2023
United States118th CongressHR-4192House of Representatives
Updated: Jun 15, 2023
Summary
Small Business Lending Disclosure Act of 2023 This bill applies specified consumer 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.
Bill texts
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Timeline
Latest companion bill action
S-2021: Small Business Financing Disclosure Act of 2023Introduced in Senate
Introduced in House
Referred to the House Committee on Financial Services.
House of Representatives
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