117th Congress > House > Vote 161

Date: June 15, 2021

Result: 248-177 (Failed)

Clerk session vote number: 162

Sponsor: TORRES, Ritchie (D-NY)

Bill number: HR1443

Question: On Motion to Suspend the Rules and Pass, as Amended

Description: LGBTQ Business Equal Credit Enforcement and Investment Act

Bill summary: LGBTQ Business Equal Credit Enforcement and Investment Act This bill requires financial institutions to report certain credit application data to the Consumer Financial Protection Bureau for the purposes of enforcing fair lending laws. Specifically, financial institutions must report this data regarding lesbian-, gay-, bisexual-, transgender-, or queer-owned businesses. Currently, this data is reported regarding women-owned, minority-owned, and small businesses. The bill also expresses the sense of Congress that the term sex as used in the Equal Credit Opportunity Act includes an individual's sexual orientation and gender identity and that such information should be separately collected regarding the credit applications of principal business owners.

Bill titles: To amend the Equal Credit Opportunity Act to require the collection of small business loan data related to LGBTQ-owned businesses.

Links for more info on the vote: congress.gov

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