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Strengthening Oversight of Small Business Loans and Regulatory Compliance

This act enhances oversight of companies providing loans to small businesses to ensure proper use of funds and protection against losses. It introduces new rules for reviewing loan documents and allows for penalties for violations, aiming to increase financial security and transparency in the small business sector.
Key points
Increased scrutiny over companies providing loans to small businesses, including regular document reviews.
Ability to impose financial penalties on companies that fail to comply with regulations or submit required reports.
Issuance of clear rules regarding environmental obligations for companies seeking loans, simplifying compliance with legal requirements.
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98%
VOTING RESULTS
2021-04-16
For 411
Against 8
Abstain 0
Full voting results open_in_new
gavel
Status:
Expired
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Additional Information
504 Credit Risk Management Improvement Act of 2021
Print number: HR 1482
Sponsor: Rep. Bishop, Dan [R-NC-9]
Process start date: 2021-03-02
Voting date: 2021-04-16
Meeting no: 1
Voting no: 119
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch
Summary & Status

Key Questions about Strengthening Oversight of Small Business Loans and Regulatory Compliance

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is HR 1482.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-02.

What are the main provisions?

Key points include:

  • Increased scrutiny over companies providing loans to small businesses, including regular document reviews.
  • Ability to impose financial penalties on companies that fail to comply with regulations or submit required reports.
  • Issuance of clear rules regarding environmental obligations for companies seeking loans, simplifying compliance with legal requirements.

What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. Bishop, Dan [R-NC-9].

What is the latest detailed status?

The latest detailed status is: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 411 - 8 (Roll no. 119). (text: 04/14/2021 CR H1772-1773)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

Analysis and Potential Impact of HR 1482

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Economy