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Repeal of Small Business Loan Data Collection Requirements

This act aims to make it easier for small businesses to access loans. It repeals provisions that required banks to collect and report detailed data on small business loans. This could reduce paperwork for banks, especially smaller ones, potentially increasing credit availability for local businesses.
Key points
Reduces paperwork for banks lending to small businesses.
Potentially easier access to credit for small businesses.
Especially beneficial for community banks and credit unions.
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Status:
Placed on Calendar
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Additional Information
Print number: 119_HR_976
Sponsor: Rep. Williams, Roger [R-TX-25]
Process start date: 2025-02-04
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
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

1071 Repeal to Protect Small Business Lending Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_976.

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 2025-02-04.

What are the main provisions?

Key points include:

  • Reduces paperwork for banks lending to small businesses.
  • Potentially easier access to credit for small businesses.
  • Especially beneficial for community banks and credit unions.
What is the specific legal status?

The current status is Placed on Calendar.

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. Williams, Roger [R-TX-25].

What is the latest detailed status?

The latest detailed status is: Placed on the Union Calendar, Calendar No. 65.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

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