115th CONGRESS 1st Session |
To amend the Equal Credit Opportunity Act to repeal a small business loan data collection requirement.
November 17, 2017
Mr. Pittenger introduced the following bill; which was referred to the Committee on Financial Services
To amend the Equal Credit Opportunity Act to repeal a small business loan data collection requirement.
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 “Right to Lend Act of 2017”.
SEC. 2. Small business loan data collection requirement.
(a) Repeal.—Section 704B of the Equal Credit Opportunity Act (15 U.S.C. 1691c–2) is repealed.
(b) Conforming amendments.—Section 701(b) of the Equal Credit Opportunity Act (15 U.S.C. 1691(b)) is amended—
(1) in paragraph (3), by inserting “or” at the end;
(2) in paragraph (4), by striking “; or” and inserting a period; and
(3) by striking paragraph (5).
(c) Clerical amendment.—The table of sections for title VII of the Consumer Credit Protection Act is amended by striking the item relating to section 704B.