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Small Business Financing Disclosure Act of 2023

USA118th CongressS-2021| Senate 
| Updated: 6/15/2023
Robert Menendez

Robert Menendez

Democratic Senator

New Jersey

Cosponsors (3)
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 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.
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Timeline
Jun 15, 2023

Latest Companion Bill Action

HR 118-4192
Introduced in House
Jun 15, 2023
Introduced in Senate
Jun 15, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • June 15, 2023

    Latest Companion Bill Action

    HR 118-4192
    Introduced in House


  • June 15, 2023
    Introduced in Senate


  • June 15, 2023
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Related Bills

  • HR 118-4192: Small Business Financing Disclosure Act of 2023

Small Business Financing Disclosure Act of 2023

USA118th CongressS-2021| Senate 
| Updated: 6/15/2023
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.
View Full Text

Suggested Questions

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

Timeline
Jun 15, 2023

Latest Companion Bill Action

HR 118-4192
Introduced in House
Jun 15, 2023
Introduced in Senate
Jun 15, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • June 15, 2023

    Latest Companion Bill Action

    HR 118-4192
    Introduced in House


  • June 15, 2023
    Introduced in Senate


  • June 15, 2023
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Robert Menendez

Robert Menendez

Democratic Senator

New Jersey

Cosponsors (3)
Sherrod Brown (Democratic)Benjamin L. Cardin (Democratic)Ron Wyden (Democratic)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 118-4192: Small Business Financing Disclosure Act of 2023
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted