Bill116th CongressFiled Jun 25, 2019Finance and Financial Sector
S. 1961
Small Business Lending Fairness Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Jun 25, 2019)
Small Business Lending Fairness Act
This bill prohibits as a condition to a loan or extension of credit a confession of judgment or similar agreement. (A confession of judgment is an agreement to a judgment of liability without notice and opportunity to be heard in court in the event of the default of a borrower.)
What just happenedJun 25, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
Sen. Brown, Sherrod [D-OH](D-OH)Sponsor
1 cosponsor1 R
1cosponsors1committees2actions1related bills4subjects
- Introduced in SenateJun 25, 2019
- Jun 25, 2019IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Jun 25, 2019IntroReferral10000
Introduced in Senate