U.S. Congress legislation · 119th Congress
HB941: Small LENDER Act
Status: In committee, June 18, 2026
To amend the Equal Credit Opportunity Act to provide for an effective date and a temporary safe harbor for compliance with certain small business lending data collection rules, and for other purposes.
What the bill says
To amend the Equal Credit Opportunity Act to provide for an effective date and a temporary safe harbor for compliance with certain small business lending data collection rules, and for other purposes.
From the committee substitute text, June 18, 2026:
A BILL To amend the Equal Credit Opportunity Act to provide for an effective date and a temporary safe harbor for compliance with certain small business lending data collection rules, and for other purposes. SECTION 1. Short title This Act may be cited as the Small Lenders Exempt from New Data and Excessive Reporting Act or the Small LENDER Act . SECTION 2. Small business loan data collection Section 704B of the Equal Credit Opportunity Act ( 15 U.S.C. 1691c-2 ) is amended-- (1) in subsection (c)-- (A) by striking Any applicant and inserting the and (B) by striking the period at the end and inserting the (B) the applicant is not required to provide such information; and (C) the applicant's response will not affect the financial institution's evaluation of the request for credit. (2) Model form The Director of the Bureau of Consumer Financial Protection shall establish a model form to be used in providing the information required to be provided to an applicant under paragraph (1). Such form shall-- (A) be in plain English; and (B) to the extent practicable, be no longer than a single page. ; (2) by striking subsection (d); (3) by redesignating subsections (e), (f), (g), and (h) as subsections (d), (e), (f), and (g), respectively; and (4) in subsection (d), as so redesignated-- …
Sponsors
- French Hill (R, HD-AR-2) · primary sponsor
- Dan Meuser (R, HD-009)
- Ann Wagner (R, HD-002)
- Bill Huizenga (R, HD-004)
- William Timmons (R, HD-004)
- Tim Moore (R, HD-NC-14)
- Roger Williams (R, HD-TX-25)
- Mike Haridopolos (R, HD-FL-8)
- Zachary Nunn (R, 3)
- Ashley Hinson (R, HD-002)
- Ryan Mackenzie (R, HD-PA-7)
- Steve Womack (R)
Latest actions
- : Placed on the Union Calendar, Calendar No. 610.
- : Reported (Amended) by the Committee on Financial Services. H. Rept. 119-702.
- : Ordered to be Reported by the Yeas and Nays: 26 - 22.
- : Committee Consideration and Mark-up Session Held
- : Referred to the House Committee on Financial Services.
- : Introduced in House
Subjects: Data collection, sharing, protection, Commerce, Small business, Banking and financial institutions regulation, Financial services and investments, Business records
Common questions
- What is HB941?
- HB941 is a bill in Congress (119th Congress): Small LENDER Act.
- What does HB941 do?
- In its own words: To amend the Equal Credit Opportunity Act to provide for an effective date and a temporary safe harbor for compliance with certain small business lending data collection rules, and for other purposes.
- What is the status of HB941?
- In committee as of June 18, 2026. Latest action: Placed on the Union Calendar, Calendar No. 610. (June 18, 2026).
- Who sponsored HB941?
- French Hill (R, HD-AR-2), with 11 co-sponsors.
- Where is the official record for HB941?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/941
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.