S 557referred119th Congress

1071 Repeal to Protect Small Business Lending Act

Introduced Feb 12, 2025Senate billPolicy area: Finance and Financial SectorLast action Feb 12, 2025Sponsor: John Kennedy(R-LA)

financeFinance and Financial Sector

Banking, Housing, and Urban Affairs Committee

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Official summaryUpdated Feb 12, 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

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Lobbying Filings Citing It

$12.4M

Reported on Those Filings, All Issues

Lobbying Clients

Recorded Votes

Timeline

Feb 12, 2025bill

Bill introduced

Apr 11, 2025lobbying

Lobbying filed by CREDIT UNION NATIONAL ASSOCIATION, INC. DBA AMERICA'S CREDIT UNIONS

Apr 21, 2025lobbying

Lobbying filed by AMERICAN BANKERS ASSOCIATION

Jul 21, 2025lobbying

Lobbying filed by AMERICAN BANKERS ASSOCIATION

Jul 21, 2025lobbying

Lobbying filed by NATIONAL AUTOMOBILE DEALERS ASSOCIATION

Jul 23, 2025

Official Congressional Actions

Feb 12, 2025IntroReferral

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs Committee

View official action

Feb 12, 2025IntroReferral

Introduced in Senate

View official action

Lobbying Activity

Registrant	Client	Amount	Filed	Period	Issues
INDEPENDENT COMMUNITY BANKERS OF AMERICA	INDEPENDENT COMMUNITY BANKERS OF AMERICA	$2.7M	Jul 23, 2025	2025Q2	AGRBANBUD
AMERICAN BANKERS ASSOCIATION	AMERICAN BANKERS ASSOCIATION	$2.0M	Jul 21, 2025	2025Q2	ACCAGRBAN
AMERICAN BANKERS ASSOCIATION

About this page

The lobbying table lists Senate LDA quarterly reports (LD-2) that cite this bill by number and cover a quarter of the 119th Congress. An LD-2 names a bill as “H.R. 1234” with no Congress, so a report on another Congress, which can only concern a different bill with the same number, is left out, even when it was filed after this Congress began. The amount is what the registrant reported for the whole filing, across every issue on it, not spending on this bill. Official actions and the bill summary come from Congress.gov, and votes from the roll-call record. This page no longer pairs the bill with members' stock trades: matching lobbying clients to traded companies by name, and trades to a bill by date, is not something the records establish.