Environment
Mixed / Neutral
50%
Benefits
- No direct environmental benefit identified
Risks
- No direct environmental risk identified
FederalUS CongressIntroduced
H.R. 941: Small LENDER Act
Rep. J. Hill (R-AR)
H.R. 941 status: Introduced.
01
What this bill does
Official summary alongside an AI-generated read on where it stands and why.
Overall Score
65OUT OF 100
Score:65/100 civic fit
Risk:Low Risk
Impact:Moderate Impact
Earlier scoring method. Reanalyze to use the sector calculation.
Constitutionality80%
Bipartisan40%
Public opinion50%
Bill summary
Small Lenders Exempt from New Data and Excessive Reporting Act or the Small LENDER Act This bill modifies the requirements for financial institutions to report certain information about small business credit applications to the Consumer Financial Protection Bureau (CFPB) and extends the timeline for compliance with the CFPB rule with respect to such reporting (i.e., Section 1071 final rule ). (For background about the CFPB rule and subsequent litigation see CRS Report R47788 .) Under the bill, the reporting requirements apply only to financial institutions that originate at least 500 credit transactions to small businesses in each of the preceding two years. The bill further defines small...
02
Impact analysis
✦ AI analysisModeled effects across six domains, estimated from bill text and comparable legislation.
Economy
Positive outlook
70%
Benefits
- Reduces reporting burdens for small financial institutions.
- Delays compliance date for data collection rules, providing a longer preparation period.
- Establishes a safe harbor for enforcement, reducing immediate compliance pressure.
Risks
- May reduce the amount of data available for analyzing small business lending trends.
Society
Mixed / Neutral
50%
Benefits
- Requires a plain English, single-page model form for applicant information.
- Clarifies that applicants are not required to provide requested data.
Risks
- Definition of 'small business' for exemption purposes is set at $1,000,000 in gross annual revenues, which may be considered low by some.
Technology Industry
Not scored in this analysis.
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Civic Accountability
Not scored in this analysis.
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Public Health & Safety
Not scored in this analysis.
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03
How trustworthy & consequential it is
Sourcing already shown above, this is what the analysis found worth flagging.
Confidence
High
Information is complete and verified.
Analysis basis
Full bill text (Congress.gov)
Source used for this bill's analysis.
Warning
The bill's effectiveness depends on the Bureau of Consumer Financial Protection's implementation of the model form and compliance dates.
Analysis scope
The bill amends existing law, so the full context of the Equal Credit Opportunity Act is relevant.
04
Where it stands
Official record- IntroducedCurrent
- CommitteeUpcoming
- House and SenateUpcoming
- Final agreementUpcoming
- PresidentUpcoming
- EnactedUpcoming
05
How it affects your district
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06
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