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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.
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Expired
Citizen Poll
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Additional Information
Print number: 117_S_4002
Sponsor: Sen. Gillibrand, Kirsten E. [D-NY]
Process start date: 2022-04-05
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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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.

CATEGORIES

Economy Courts and Law