Politiparty
Politiparty

118th Congress Finance and Financial Sector

H.R. 4192: Small Business Financing Disclosure Act of 2023

Introduced

  1. Introduced (completed)Jun 15, 2023
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Jun 15, 2023

This bill applies specified consumer lending protections to small business lending and extends the Consumer Financial Protection Bureau's regulatory authority regarding consumer financial products and services to include small business financing. Among other requirements, lenders offering financial products to small businesses must disclose the terms of the financing upon extending an offer and are prohibited from charging certain additional fees on a refinanced or modified loan.

Written by the Congressional Research Service, Library of Congress.

Roll calls

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Amendments

0 offered

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Cosponsors

1

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Other bills by Nydia Velázquez

History

  1. Jun 15, 2023Introduced in the House by Nydia Velázquez.
Show the full action history (2 actions)
  1. Jun 15, 2023Introduced in House
  2. Jun 15, 2023Referred to the House Committee on Financial Services.