Referred to the House Committee on Financial Services.
The bill amends Section 704B(e)(4) of the Equal Credit Opportunity Act to require the Consumer Financial Protection Bureau to issue a noticed rulemaking before deleting or modifying certain small-business loan data. The rule must describe the planned modifications or deletions and explain how those actions advance a privacy interest.
Liberal emphasis on preserving data for enforcement versus conservative focus on constraining agency power
Relative to its intended legislative type, this bill narrowly and directly imposes a procedural rulemaking requirement on the Bureau before it deletes or modifies certain small business loan data.
The bill amends Section 704B(e)(4) of the Equal Credit Opportunity Act to require the Consumer Financial Protection Bureau to issue a noticed rulemaking before deleting or modifying certain small-business loan data.
The rule must describe the planned modifications or deletions and explain how those actions advance a privacy interest.
Substantively modest and non‑costly but very narrow; likely to attract limited floor priority and many similar technical bills do not advance out of committee.
Relative to its intended legislative type, this bill narrowly and directly imposes a procedural rulemaking requirement on the Bureau before it deletes or modifies certain small business loan data. The statutory integration is clear, but the draft is minimal: it lacks timelines, definitions, exceptions, fiscal acknowledgment, and accountability provisions.
Liberal emphasis on preserving data for enforcement versus conservative focus on constraining agency power
These are examples from the analysis, not a ranked list of the most-affected groups.
Liberal emphasis on preserving data for enforcement versus conservative focus on constraining agency power
Generally supportive of transparency and due process, but cautious about any change that could reduce data available for fair lending and enforcement.
Sees public notice-and-comment as beneficial, but will scrutinize whether the rule protects marginalized borrowers and preserves necessary granular data.
Views the measure as a reasonable procedural check: requiring notice-and-comment is standard and improves accountability.
Concerned about potential administrative delay and wants clear cost-benefit analysis in the rulemaking.
Likely favorable because it constrains executive discretion and forces the CFPB to use formal rulemaking before altering data.
Sees this as transparency and a check on regulatory overreach.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Substantively modest and non‑costly but very narrow; likely to attract limited floor priority and many similar technical bills do not advance out of committee.
The bill has not accumulated any surfaced votes yet.
Liberal emphasis on preserving data for enforcement versus conservative focus on constraining agency power
Substantively modest and non‑costly but very narrow; likely to attract limited floor priority and many similar technical bills do not advan…
Relative to its intended legislative type, this bill narrowly and directly imposes a procedural rulemaking requirement on the Bureau before it deletes or modifies certain small business loan data. The statutory integrat…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.