H.R.1443 - LGBTQ Business Equal Credit Enforcement and Investment Act117th Congress (2021-2022) |
|Sponsor:||Rep. Torres, Ritchie [D-NY-15] (Introduced 02/26/2021)|
|Committees:||House - Financial Services | Senate - Banking, Housing, and Urban Affairs|
|Committee Reports:||H. Rept. 117-65|
|Committee Prints:||H.Prt. 117-7|
|Latest Action:||Senate - 07/12/2021 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
|Roll Call Votes:||There have been 2 roll call votes|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Failed House
- Passed House
- Passed Senate
- To President
- Became Law
Text: H.R.1443 — 117th Congress (2021-2022)All Information (Except Text)
Text available as:
Referred in Senate (07/12/2021)
Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs
To amend the Equal Credit Opportunity Act to require the collection of small business loan data related to LGBTQ-owned businesses.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “LGBTQ Business Equal Credit Enforcement and Investment Act”.
Section 704B of the Equal Credit Opportunity Act (15 U.S.C. 1691c–2) is amended—
(1) by inserting “LGBTQ-owned,” after “minority-owned,” each place such term appears;
(2) in subsection (e)(2)(G), by inserting “, sexual orientation, gender identity” after “sex”; and
“(A) more than 50 percent of the ownership or control of which is held by 1 or more individuals self-identifying as lesbian, gay, bisexual, transgender, or queer; and
“(B) more than 50 percent of the net profit or loss of which accrues to 1 or more individuals self-identifying as lesbian, gay, bisexual, transgender, or queer.”.
The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled “Budgetary Effects of PAYGO Legislation” for this Act, submitted for printing in the Congressional Record by the Chairman of the House Budget Committee, provided that such statement has been submitted prior to the vote on passage.
Passed the House of Representatives June 24, 2021.
|Attest:||cheryl l. johnson,|