LGBTQ Business Equal Credit Enforcement and Investment Act
Latest action · Jun 21, 2019 Sponsor introductory remarks on measure. (CR H5026)
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJun 20, 2019
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
LGBTQ Business Equal Credit Enforcement and Investment Act
This bill requires financial institutions to report certain credit application data to the Consumer Financial Protection Bureau for the purposes of enforcing fair lending laws. Specifically, financial institutions must report this data regarding lesbian-, gay-, bisexual-, transgender-, or queer-owned businesses. Currently, this data is reported regarding women-owned, minority-owned, and small businesses.
Cosponsors 34
Members who signed on, in the order they did. Signatures ran from Jun 20, 2019 to Jan 27, 2020; 4 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NM | Debra A. Haaland | Original | Jun 20, 2019 |
| D-FL | Frederica S. Wilson | Original | Jun 20, 2019 |
| D-TX | Sheila Jackson Lee | Original | Jun 20, 2019 |
| D-CA | Tj Cox | Original | Jun 20, 2019 |
| D-MI | Debbie Dingell | Jun 24, 2019 | |
| D-DC | Eleanor Holmes Norton | Jun 24, 2019 | |
| D-IL | Janice D. Schakowsky | Jun 24, 2019 | |
| D-CA | Tony Cárdenas | Jun 24, 2019 | |
| D-CA | Alan S. Lowenthal | Jun 26, 2019 | |
| D-CA | Eric Swalwell | Jun 26, 2019 | |
| D-MI | Rashida Tlaib | Jun 26, 2019 | |
| D-MA | James P. McGovern | Jun 27, 2019 | |
| D-MA | Joseph P. Kennedy III | Jun 27, 2019 | |
| D-IL | Jesús G. "Chuy" García | Jul 9, 2019 | |
| D-CA | Jimmy Panetta | Jul 9, 2019 | |
| D-AZ | Raúl M. Grijalva | Jul 9, 2019 | |
| D-MN | Betty McCollum | Jul 11, 2019 | |
| D-TN | Steve Cohen | Jul 11, 2019 | |
| D-GA | Henry C. "Hank" Johnson, Jr. | Jul 23, 2019 | |
| D-FL | Alcee L. Hastings | Jul 25, 2019 | |
| D-CA | Anna G. Eshoo | Oct 11, 2019 | |
| D-NH | Chris Pappas | Oct 23, 2019 | |
| D-NY | Gregory W. Meeks | Oct 23, 2019 | |
| D-MD | Jamie Raskin | Nov 19, 2019 | |
| D-NY | Jerrold Nadler | Nov 19, 2019 | |
| D-CA | Jim Costa | Nov 19, 2019 | |
| D-IL | Mike Quigley | Dec 19, 2019 | |
| D-RI | David N. Cicilline | Jan 9, 2020 | |
| D-CA | Gilbert Ray Cisneros, Jr. | Jan 9, 2020 | |
| D-NH | Ann M. Kuster | Jan 15, 2020 | |
| D-WA | Suzan K. DelBene | Jan 15, 2020 | |
| D-WA | Adam Smith | Jan 27, 2020 | |
| D-OR | Earl Blumenauer | Jan 27, 2020 | |
| D-NJ | Tom Malinowski | Jan 27, 2020 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Jun 20, 2019 |
Actions 3
Everything that happened, newest first.
- Jun 21, 2019Sponsor introductory remarks on measure. (CR H5026)
- Jun 20, 2019Introduced in House
- Jun 20, 2019Referred to the House Committee on Financial Services.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 165, no. 104, June 20, 2019, page H5006.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R45878 | Small Business Credit Markets and Selected Policy Issues Archived | Report | Aug 20, 2019 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Equal Credit Opportunity Act to require the collection of small business loan data related to LGBTQ-owned businesses.
- Short Title(s) as Introduced
- LGBTQ Business Equal Credit Enforcement and Investment Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Jun 20, 2019Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
