Placed on the Union Calendar, Calendar No. 65.
This bill repeals Section 704B of the Equal Credit Opportunity Act (the Dodd-Frank section 1071 requirement) that requires financial institutions to collect and report small business lending data. It also makes conforming deletions from the Dodd-Frank Act and the Equal Credit Opportunity Act tables of contents and related statutory text.
Progressives emphasize anti-discrimination and transparency losses
Relative to its intended legislative type, this bill clearly identifies and effects a statutory repeal of a specific data‑collection requirement but provides limited implementation detail or safeguards.
This bill repeals Section 704B of the Equal Credit Opportunity Act (the Dodd-Frank section 1071 requirement) that requires financial institutions to collect and report small business lending data.
It also makes conforming deletions from the Dodd-Frank Act and the Equal Credit Opportunity Act tables of contents and related statutory text.
The text contains findings that the data-collection rule created compliance costs and burdens for smaller institutions and that repeal would reduce those regulatory barriers.
Content is narrowly focused and administratively straightforward, raising House chances; Senate consensus and opposition from civil‑rights groups lower nationwide enactment odds.
Relative to its intended legislative type, this bill clearly identifies and effects a statutory repeal of a specific data‑collection requirement but provides limited implementation detail or safeguards.
Progressives emphasize anti-discrimination and transparency losses
These are examples from the analysis, not a ranked list of the most-affected groups.
Progressives emphasize anti-discrimination and transparency losses
Likely views the bill negatively because Section 1071 aimed to generate data to detect discrimination in small business lending.
They will be concerned repeal removes transparency and weakens civil-rights enforcement without evidence that burdens outweigh benefits.
Sees tradeoffs: data collection can help enforcement but may impose real costs on community lenders.
Prefers a targeted fix (thresholds, simplification) rather than full repeal.
Might support compromise amendments.
Likely supportive as a deregulatory measure that reduces federal reporting burdens on banks and credit unions.
Views repeal as protecting community lenders and promoting credit availability for small businesses.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Content is narrowly focused and administratively straightforward, raising House chances; Senate consensus and opposition from civil‑rights groups lower nationwide enactment odds.
The bill has not accumulated any surfaced votes yet.
Progressives emphasize anti-discrimination and transparency losses
Content is narrowly focused and administratively straightforward, raising House chances; Senate consensus and opposition from civil‑rights…
Relative to its intended legislative type, this bill clearly identifies and effects a statutory repeal of a specific data‑collection requirement but provides limited implementation detail or safeguards.
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.