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Small Business Loan Data: New Rules for Privacy and Deletion.

This act introduces new rules for small business loan data. Before a government agency can delete or modify this data, it must publicly announce its intentions and explain how these actions will protect privacy. This aims to ensure greater transparency in managing sensitive information.
Key points
The government agency (Bureau of Consumer Financial Protection) must publicly announce planned changes to small business loan data.
Before deleting or modifying data, the agency must explain how these actions will advance privacy interests.
The goal is to increase transparency and oversight of small business financial data.
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Expired
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Additional Information
Print number: 118_HR_1810
Sponsor: Rep. Luetkemeyer, Blaine [R-MO-3]
Process start date: 2023-03-27
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Bank Loan Privacy Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_1810.

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 2023-03-27.

What are the main provisions?

Key points include:

  • The government agency (Bureau of Consumer Financial Protection) must publicly announce planned changes to small business loan data.
  • Before deleting or modifying data, the agency must explain how these actions will advance privacy interests.
  • The goal is to increase transparency and oversight of small business financial data.
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 Rep. Luetkemeyer, Blaine [R-MO-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Economy Courts and Law