S 3421 · 118th Congress · Finance and Financial Sector

LGBTQI Business Equal Credit Enforcement and Investment Act

Introduced 2023-12-06· Sponsored by Sen. Gillibrand, Kirsten E. [D-NY]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2023-12-06)

Plain Language Summary

[AI summary unavailable — showing source text] LGBTQI 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-, queer-, or intersex-owned businesses. Currently, this data is reported regarding women-owned, minority-owned, and small businesses.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat
Sen. Padilla, Alex [D-CA]CA