Open Eye

A plain-language record of the U.S. government

117th Congress · House

LGBTQ Business Equal Credit Enforcement and Investment Act

Subjects: Banking and financial institutions regulation · Business investment and capital · Business records · Consumer credit · Credit and credit markets · Government information and archives · Sex, gender, sexual orientation discrimination · Small business

In plain language

  • House bill in the 117th Congress.
  • Requires financial institutions to report certain credit application data to the Consumer Financial Protection Bureau to enforcing fair.
  • House rejected it on Jun 15, 2021 (substantive).
Official summary (Congressional Research Service)

LGBTQ Business Equal Credit Enforcement and Investment Act This bill requires financial institutions to report certain credit application data to the Consumer Financial Protection Bureau for the purposes of enforcing fair lending laws. Specifically, financial institutions must report this data regarding lesbian-, gay-, bisexual-, transgender-, or queer-owned businesses. Currently, this data is reported regarding women-owned, minority-owned, and small businesses.

View this measure on congress.gov

Roll-call votes on this measure