Bill117th CongressFiled Apr 14, 2021Finance and Financial Sector
H.R. 2540
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 house (Apr 14, 2021)
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 happenedApr 14, 2021
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Velazquez, Nydia M. [D-NY-7](D-NY)Sponsor
1 cosponsor1 D
1cosponsors1committees3actions2related bills4subjects
- Introduced in HouseApr 14, 2021
- Apr 14, 2021IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Apr 14, 2021IntroReferralIntro-H
Introduced in House
- Apr 14, 2021IntroReferral1000
Introduced in House