Small Business Financing Disclosure Act of 2023
United States118th CongressS-2021Senate
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
HR-4192: Small Business Financing Disclosure Act of 2023Referred to the House Committee on Financial Services.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Senate
Introduced in Senate
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