Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
This bill repeals Section 704B of the Equal Credit Opportunity Act (commonly known as Dodd-Frank section 1071), removing federal small-business loan data collection and reporting requirements. It also makes conforming deletions from the Dodd-Frank Act and the Equal Credit Opportunity Act tables of contents.
Progressives emphasize loss of anti-discrimination data and transparency
Narrow deregulatory bill is procedurally simple and may attract support from lenders, but faces organized opposition from civil‑rights and consumer groups.
This bill repeals Section 704B of the Equal Credit Opportunity Act (commonly known as Dodd-Frank section 1071), removing federal small-business loan data collection and reporting requirements.
It also makes conforming deletions from the Dodd-Frank Act and the Equal Credit Opportunity Act tables of contents.
The sponsor’s findings state these requirements imposed compliance costs and disproportionately burdened smaller financial institutions.
Content is narrow and administratively simple, which helps, but partisan tradeoffs and civil‑rights/consumer opposition lower prospects, especially in a Senate requiring supermajority.
How solid the drafting looks.
Progressives emphasize loss of anti-discrimination data and transparency
These are examples from the analysis, not a ranked list of the most-affected groups.
Progressives emphasize loss of anti-discrimination data and transparency
Likely opposed: views Section 1071 as a tool to detect discrimination and promote lending transparency.
Repeal is seen as removing oversight without evidence that harms are reduced.
Mixed/conditional: recognizes compliance costs but worries about losing oversight data.
Prefers targeted, evidence-based fixes rather than immediate full repeal.
Generally supportive: views repeal as pro-growth deregulatory step that reduces burdens on community lenders and encourages small-business credit availability.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Content is narrow and administratively simple, which helps, but partisan tradeoffs and civil‑rights/consumer opposition lower prospects, especially in a Senate requiring supermajority.
The bill has not accumulated any surfaced votes yet.
Progressives emphasize loss of anti-discrimination data and transparency
Content is narrow and administratively simple, which helps, but partisan tradeoffs and civil‑rights/consumer opposition lower prospects, es…
Pro readers get the full perspective split, passage barriers, legislative design review, stakeholder impact map, and lens-based policy tradeoff analysis for 1071 Repeal to Protect Small Business Lending Act.
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