Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
This bill repeals Section 704B of the Equal Credit Opportunity Act (commonly known as Dodd-Frank section 1071), removing federal small-business loan data collection and reporting requirements. It also makes conforming deletions from the Dodd-Frank Act and the Equal Credit Opportunity Act tables of contents.
Progressives emphasize loss of anti-discrimination data and transparency
Relative to its intended legislative type, this bill is a narrowly framed substantive repeal that clearly identifies the targeted statutory provisions and specifies the primary textual changes needed to remove the small business loan data collection requirements.
This bill repeals Section 704B of the Equal Credit Opportunity Act (commonly known as Dodd-Frank section 1071), removing federal small-business loan data collection and reporting requirements.
It also makes conforming deletions from the Dodd-Frank Act and the Equal Credit Opportunity Act tables of contents.
The sponsor’s findings state these requirements imposed compliance costs and disproportionately burdened smaller financial institutions.
Content is narrow and administratively simple, which helps, but partisan tradeoffs and civil‑rights/consumer opposition lower prospects, especially in a Senate requiring supermajority.
Relative to its intended legislative type, this bill is a narrowly framed substantive repeal that clearly identifies the targeted statutory provisions and specifies the primary textual changes needed to remove the small business loan data collection requirements. The legislative mechanism is direct and legally specific, but the text omits transitional provisions, fiscal treatment, oversight or reporting requirements, and contains some imprecise conforming-amendment wording.
Progressives emphasize loss of anti-discrimination data and transparency
These are examples from the analysis, not a ranked list of the most-affected groups.
Progressives emphasize loss of anti-discrimination data and transparency
Likely opposed: views Section 1071 as a tool to detect discrimination and promote lending transparency.
Repeal is seen as removing oversight without evidence that harms are reduced.
Mixed/conditional: recognizes compliance costs but worries about losing oversight data.
Prefers targeted, evidence-based fixes rather than immediate full repeal.
Generally supportive: views repeal as pro-growth deregulatory step that reduces burdens on community lenders and encourages small-business credit availability.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Content is narrow and administratively simple, which helps, but partisan tradeoffs and civil‑rights/consumer opposition lower prospects, especially in a Senate requiring supermajority.
The bill has not accumulated any surfaced votes yet.
Progressives emphasize loss of anti-discrimination data and transparency
Content is narrow and administratively simple, which helps, but partisan tradeoffs and civil‑rights/consumer opposition lower prospects, es…
Relative to its intended legislative type, this bill is a narrowly framed substantive repeal that clearly identifies the targeted statutory provisions and specifies the primary textual changes needed to remove the small…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.