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

Available versions
Introduced (House)View official text

1 version available

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Timeline

Latest companion bill action

S-2021: Small Business Financing Disclosure Act of 2023

Introduced in Senate

  1. Introduced in House

  2. Referred to the House Committee on Financial Services.

    House of Representatives

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