S. 2021 · 118th Congress · Senate

Small Business Financing Disclosure Act of 2023

Active· Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced
Jun 15, 23
Passed Senate
Pending
Passed House
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

Small Business Lending Disclosure Act of 2023

This bill applies specified consumer lending protections to small business lending and extends the Consumer Financial Protection Bureau's regulatory authority regarding consumer financial products and services to include small business financing. Among other requirements, lenders offering financial products to small businesses must disclose the terms of the financing upon extending an offer and are prohibited from charging certain additional fees on a refinanced or modified loan.

Action Timeline

2
  1. JUN 15, 2023IntroReferral

    Introduced in Senate

  2. JUN 15, 2023IntroReferral

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Committees

1

Banking, Housing, and Urban Affairs Committee

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Referred: Jun 15, 2023

Active