arrow_back Civic Audit
Share share

Equal Credit Opportunities for LGBTQ+ Owned Businesses

This act aims to ensure that businesses owned by LGBTQ+ individuals have equal access to credit. It requires the collection of small business loan data to monitor for discrimination based on sexual orientation or gender identity. This provides greater transparency and fairness for citizens operating such businesses when applying for financing.
Key points
Mandates the collection of small business loan data for LGBTQ+ owned businesses.
Expands existing equal credit opportunity laws to include sexual orientation and gender identity.
Defines what constitutes an LGBTQ+ owned business for identification and monitoring purposes.
article Official text account_balance Process page notifications_active Track this Bill
gavel
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Print number: 117_S_4002
Sponsor: Sen. Gillibrand, Kirsten E. [D-NY]
Process start date: 2022-04-05
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

OFFICIAL LEGAL TITLE

LGBTQ Business Equal Credit Enforcement and Investment Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4002.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-04-05.

What are the main provisions?

Key points include:

  • Mandates the collection of small business loan data for LGBTQ+ owned businesses.
  • Expands existing equal credit opportunity laws to include sexual orientation and gender identity.
  • Defines what constitutes an LGBTQ+ owned business for identification and monitoring purposes.
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

Who is the primary sponsor?

The primary sponsor is Sen. Gillibrand, Kirsten E. [D-NY].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

What is the impact of this bill?

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.

CATEGORIES

Economy Courts and Law