LGBTQ Business Equal Credit Enforcement and Investment Act
Latest action · Jul 12, 2021 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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.
- IntroducedFeb 26, 2021
- Passed HouseJun 24, 2021
- 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.
Recorded votes 2
Newest first. Open one to see how every member voted.
| Roll call | Question | Result | Date |
|---|---|---|---|
| House 182 | On Passage | Passed252–176 | Jun 24, 2021 |
| House 162 | On Motion to Suspend the Rules and Pass, as Amended | Failed248–177 | Jun 15, 2021 |
Cosponsors 41
Members who signed on, in the order they did. Signatures ran from Feb 26, 2021 to Jun 8, 2021; 35 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NY | Adriano Espaillat | Original | Feb 26, 2021 |
| D-CA | Alan S. Lowenthal | Original | Feb 26, 2021 |
| D-FL | Alcee L. Hastings | Original | Feb 26, 2021 |
| D-CA | Anna G. Eshoo | Original | Feb 26, 2021 |
| D-NJ | Bonnie Watson Coleman | Original | Feb 26, 2021 |
| D-NY | Carolyn B. Maloney | Original | Feb 26, 2021 |
| D-NH | Chris Pappas | Original | Feb 26, 2021 |
| D-RI | David N. Cicilline | Original | Feb 26, 2021 |
| D-NV | Dina Titus | Original | Feb 26, 2021 |
| D-NJ | Donald M. Payne, Jr. | Original | Feb 26, 2021 |
| D-OR | Earl Blumenauer | Original | Feb 26, 2021 |
| D-DC | Eleanor Holmes Norton | Original | Feb 26, 2021 |
| D-NY | Gregory W. Meeks | Original | Feb 26, 2021 |
| D-WI | Gwen Moore | Original | Feb 26, 2021 |
| D-GA | Henry C. "Hank" Johnson, Jr. | Original | Feb 26, 2021 |
| D-CT | Jahana Hayes | Original | Feb 26, 2021 |
| D-MA | Jake Auchincloss | Original | Feb 26, 2021 |
| D-MA | James P. McGovern | Original | Feb 26, 2021 |
| D-MD | Jamie Raskin | Original | Feb 26, 2021 |
| D-IL | Janice D. Schakowsky | Original | Feb 26, 2021 |
| D-NY | Jerrold Nadler | Original | Feb 26, 2021 |
| D-IL | Jesús G. "Chuy" García | Original | Feb 26, 2021 |
| D-FL | Kathy Castor | Original | Feb 26, 2021 |
| D-WA | Marilyn Strickland | Original | Feb 26, 2021 |
| D-PA | Mary Gay Scanlon | Original | Feb 26, 2021 |
| D-NY | Mondaire Jones | Original | Feb 26, 2021 |
| D-NY | Nydia M. Velázquez | Original | Feb 26, 2021 |
| D-NY | Paul Tonko | Original | Feb 26, 2021 |
| D-AZ | Raúl M. Grijalva | Original | Feb 26, 2021 |
| D-CA | Ro Khanna | Original | Feb 26, 2021 |
| D-WA | Suzan K. DelBene | Original | Feb 26, 2021 |
| D-OR | Suzanne Bonamici | Original | Feb 26, 2021 |
| D-TX | Sylvia R. Garcia | Original | Feb 26, 2021 |
| D-NM | Teresa Leger Fernandez | Original | Feb 26, 2021 |
| D-NY | Yvette D. Clarke | Original | Feb 26, 2021 |
| D-CA | Judy Chu | Mar 9, 2021 | |
| D-KS | Sharice Davids | Mar 23, 2021 | |
| D-WI | Mark Pocan | Apr 5, 2021 | |
| D-NJ | Tom Malinowski | Apr 20, 2021 | |
| D-GA | Nikema Williams | May 12, 2021 | |
| D-WA | Derek Kilmer | Jun 8, 2021 |
Committees 2
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 Feb 26, 2021Markup May 12, 2021Reported Jun 17, 2021 |
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Jul 12, 2021 |
Actions 22
Everything that happened, newest first.
- Jul 12, 2021Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Jun 24, 2021Considered under the provisions of rule H. Res. 486. (consideration: CR H3097-3099)
- Jun 24, 2021The resolution provides for 1 hour of debate, orders the previous question, and allows a motion to recommit for each measure. Provides that H. Res. 485 is adopted. Provides that anytime through the legislative day of June 25, 2021, the Speaker may entertain motions offered by the Majority Leader or his designee that the House suspend the rules with respect to multiple measures that were the object of motions to suspend the rules on the legislative days of June 22 or 23, and on which the yeas and nays were ordered and further proceedings postponed.
- Jun 24, 2021DEBATE - The House proceeded with one hour of debate on H.R. 1443.
- Jun 24, 2021The previous question was ordered pursuant to the rule.
In the Congressional Record 4
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H3097–H3099Text printed H3098Recorded votes H3115enactLists H3115Votes recorded by proxy on H.R. 1443, LGBTQ Business Equal Credit Enforcement and Investment Act | Al Green D-TX, Maxine Waters D-CA, Patrick T. McHenry R-NC, Ritchie Torres D-NY | Jun 24, 2021 |
| House | Debate and remarks H3018–H3026Text printed H3018Amendments H3024Recorded votes H3024, H3025consideration (H. Res. 486), previous questionLists H3025, H3026Votes recorded by proxy on H. Res. 486, consideration of H.R. 1443, LGBTQ Business Equal Credit Enforcement and Investment ActVotes recorded by proxy on previous question to H. Res. 486, consideration of H.R. 1443, LGBTQ Business Equal Credit Enforcement and Investment Act | Joseph D. Morelle D-NY, Michael C. Burgess R-TX (amendment) | Jun 23, 2021 |
| House | Debate and remarks H2910 | James E. Clyburn D-SC | Jun 17, 2021 |
| House | Debate and remarks H2787–H2789Text printed H2787Recorded votes H2800enactLists H2801Votes recorded by proxy on H.R. 1443, LGBTQ Business Equal Credit Enforcement and Investment ActNotices H2814Estimated budget effects of H.R. 1443, LGBTQ Business Equal Credit Enforcement and Investment Act | John A. Yarmuth D-KY, Maxine Waters D-CA, Patrick T. McHenry R-NC, Ritchie Torres D-NY | Jun 15, 2021 |
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.
Committee report
Congressional Budget Office cost estimate
- May 4, 2022H.R. 1443, LGBTQ Business Equal Credit Enforcement and Investment ActAs passed by the House of Representatives on June 24, 2021
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 167, no. 37, February 26, 2021, page H860.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 117-61 | THERE'S NO PRIDE IN PREJUDICE: ELIMINATING BARRIERS TO FULL ECONOMIC INCLUSION FOR THE LGBTQ+ COMMUNITY68 pages | Financial Services Committee | Nov 9, 2021 |
Amendments 1
Amendments offered to this bill.
| Amendment | Description | Offered by | Status |
|---|---|---|---|
| HAmdt 61 | Pursuant to the provisions of H. Res. 486, the amendment in the nature of a substitute consisting of the text of Rules Committee Print 117-7, is considered adopted. | Rules Committee | On agreeing to the Rules amendment (A001) Agreed to without objection. |
Related bills 4
Companion bills and other measures the record links to this one.
Titles 5
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
- Short Title(s) as Reported to House
- LGBTQ Business Equal Credit Enforcement and Investment Act
- Short Title(s) as Passed House
- LGBTQ Business Equal Credit Enforcement and Investment Act
- Short Titles from RFS (Referred to Senate) bill text
- LGBTQ Business Equal Credit Enforcement and Investment Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 4
Each version as it was printed, newest first.
- Jul 12, 2021Referred in Senate
- Jun 24, 2021Engrossed in House
- Jun 17, 2021Reported in House
- Feb 26, 2021Introduced 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.
