Small Business Lending Disclosure Act of 2021
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Nov 18, 2021)
Small Business Lending Disclosure Act of 2021
This bill applies specified commercial lending protections to small business lending and extends the Consumer Financial Protection Bureau's regulatory authority regarding consumer financial products and services to include small business financing. Among other requirements, lenders offering financial products to small businesses must disclose the terms of the financing upon extending an offer and are prohibited from charging certain additional fees on a refinanced or modified loan.
What just happenedNov 18, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
- Introduced in SenateNov 18, 2021
- Nov 18, 2021IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Nov 18, 2021IntroReferral10000
Introduced in Senate