HR 976introduced119th Congress

1071 Repeal to Protect Small Business Lending Act

Introduced Feb 4, 2025House billPolicy area: Finance and Financial SectorLast action May 6, 2025Sponsor: Roger Williams(R-TX)

financeFinance and Financial Sector

Financial Services Committee

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Official summaryUpdated May 6, 2025

What the bill does

1071 Repeal to Protect Small Business Lending Act This bill repeals the statute that requires financial institutions to collect data regarding applications for women-owned, minority-owned, or small business loans. Currently, financial institutions must collect and report to the Consumer Financial Protection Bureau information on (1) how many applications were received; (2) the disposition of each application; (3) the type of loan; (4) the amount applied for; (5) the amount approved; and (6) each applicant’s census tract, revenue, race, sex, and ethnicity.

Latest official action

Placed on the Union Calendar, Calendar No. 65.

Lobbying Filings

$10255.3M

Total Lobbying Spend

Suspicious Trades

Members Involved

Timeline

Apr 22, 2024lobbying

Lobbying filed by CHAMBER OF COMMERCE OF THE U.S.A.

Jul 22, 2024lobbying

Lobbying filed by CHAMBER OF COMMERCE OF THE U.S.A.

Oct 20, 2024lobbying

Lobbying filed by EDISON ELECTRIC INSTITUTE

Oct 21, 2024lobbying

Lobbying filed by CHAMBER OF COMMERCE OF THE U.S.A.

Jan 21, 2025lobbying

Lobbying filed by CHAMBER OF COMMERCE OF THE U.S.A.

Jan 24, 2025

Official Congressional Actions

May 6, 2025Calendars

Placed on the Union Calendar, Calendar No. 65.

View official action

May 6, 2025Committee

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-91.

Financial Services Committee

View official action

May 6, 2025Committee

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-91.

Financial Services Committee

View official action

Apr 2, 2025Committee

Committee Consideration and Mark-up Session Held

Financial Services Committee

Lobbying Activity

Registrant	Client	Amount	Filed	Period	Issues
CHAMBER OF COMMERCE OF THE U.S.A.	CHAMBER OF COMMERCE OF THE U.S.A.	$2337.0M	Apr 22, 2024	2024Q1	AERAUTAVI
CHAMBER OF COMMERCE OF THE U.S.A.	CHAMBER OF COMMERCE OF THE U.S.A.	$2241.0M	Jan 21, 2025	2024Q4	AVIBANAER
CHAMBER OF COMMERCE OF THE U.S.A.

Suspicious Trading Activity

Congress members who traded stocks in companies connected to lobbying on this bill, within 90 days of its introduction date.

Member	Party	Ticker	Company	Trade	Date	Amount	Timing	Lobbying Client	Conflict
Julie Johnson	D	ALE	ALE	Sell	Jan 28, 2025	$1,001 - $15,000	7d before	NATIONAL AUTOMOBILE DEALERS ASSOCIATION	18%
Julie Johnson	D	ALE

Conflict Summary

29 trades by 5 members of Congress in companies connected to lobbying on HR 976. The average conflict score is 34%.

Julie Johnson (2 trades)Gilbert Ray Cisneros, Jr. (16 trades)Shelley Moore Capito (2 trades)Jefferson Shreve (1 trade)Robert P. Bresnahan, Jr. (8 trades)

Methodology: Bill-Lobbying-Trade Connection

CapitolExposed identifies the "bill-lobbying-trade pipeline" by: (1) finding lobbying filings (LD-2) that specifically mention this bill, (2) matching lobbying clients to publicly traded companies, and (3) finding stock trades by members of Congress in those companies within 90 days of the bill's introduction date. Trades made before the bill was introduced are highlighted in red, as they may indicate advance knowledge. This analysis surfaces correlations worthy of scrutiny; it does not prove wrongdoing.