LGBTQ Business Equal Credit Enforcement and Investment Act
- Last Action
- 3/8/2021
Actions
- 2021-03-08Referred to the House Committee on Financial Services.
- 2021-03-08Introduced in House
- 2021-03-08Introduced in House
CRS Summary
As of 2021-03-08 (00)
LGBTQ Business Equal Credit Enforcement and Investment Act
This bill requires financial institutions to report certain credit application data to the Consumer Financial Protection Bureau for the purposes of enforcing fair lending laws. Specifically, financial institutions must report this data regarding lesbian-, gay-, bisexual-, transgender-, or queer-owned businesses. Currently, this data is reported regarding women-owned, minority-owned, and small businesses.
Cosponsors (20)
- Jake Auchincloss (D-MA)
- EARL BLUMENAUER (D-OR)
- Suzanne Bonamici (D-OR)
- Kathy Castor (D-FL)
- David Cicilline (D-RI)
- Yvette Clarke (D-NY)
- Suzan DelBene (D-WA)
- ANNA ESHOO (D-CA)
- Adriano Espaillat (D-NY)
- Sylvia Garcia (D-TX)
- Jesus Garcia (D-IL)
- Raúl Grijalva (D-AZ)
- ALCEE HASTINGS (D-FL)
- Jahana Hayes (D-CT)
- Henry Johnson (D-GA)
- Mondaire Jones (D-NY)
- Ro Khanna (D-CA)
- Teresa Leger Fernandez (D-NM)
- Alan Lowenthal (D-CA)
- CAROLYN MALONEY (D-NY)
Subjects
- Banking and financial institutions regulation
- Business investment and capital
- Business records
- Consumer credit
- Credit and credit markets
- Sex, gender, sexual orientation discrimination
- Small business
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.