Congress is out of session until Monday, November 9 for the midterm campaign. No new roll-call votes until then; the last were the House on Sep 16 and the Senate on Sep 30.

S. 2021 · 118th Congress · Finance and Financial Sector

Small Business Financing Disclosure Act of 2023

Died in committee2.3k words Introduced Jun 15, 2023 · Latest action Jun 15, 2023

FollowRead the text
How far it has goneStopped at 2 of 6 · Died in committee
  1. IntroducedJun 15, 2023 Done
  2. CommitteeDied Jan 3, 2025 Stopped here
  3. Senate floorNot yet Not reached yet
  4. House floorNot yet Not reached yet
  5. Chambers agreeNot yet Not reached yet
  6. PresidentNot yet Not reached yet

What it does

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.

Congressional Research Service · summary of “Introduced in Senate” version · Jun 15, 2023

Who lobbies on it

2 organizations · 14 filings · Q2 2023–Q4 2024

One square per quarter since introduction, oldest left. Filled = named it that quarter.

  1. Mortgage Bankers Association 7 of 7 quarters
    “H.R. 1059 SECURE Notarization Act H.R. 1165 Data Privacy Act of 2023 H.R. 2656 Trigger Leads Abatement Act of 2023 H.R 7297 Homebuyers Privacy Protection Act of 2024 H.R. 4192 Small Business Financing Disclosure Act of 2023 H.R. 4198 Protecting Consumers from Abusive Mortgage Leads Act H.R. 4737 Stop Executive Capture…”

    Q4 2024 filing · $3.0M lobbying spend in 2024, all issues

  2. Electronic Transactions Association 7 of 7 quarters
    “Digital assets, mobile payments, fraud, data security, data storage, open banking, regulatory reform, tax reporting, payments systems, cyber-security, financial services, merchant cash advances, privacy. FinCEN, Harmonizing CIP products; CFPB proposed rule, Registry of Supervised Nonbanks That Use Form Contracts To…”

    Q4 2024 filing · $1.6M lobbying spend in 2024, all issues

Organizations that named S. 2021 in a quarterly lobbying report. Covers organizations with a PAC on file; reports from organizations without one aren’t loaded yet. Spend is the organization’s total across all issues: reports don’t split spending by bill. Source: Senate lobbying disclosures (LD-2) from lda.gov; quotes are word for word from the “specific lobbying issues” field.

Actions

2 actions · newest first
  1. Jun 15, 2023Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Jun 15, 2023Introduced in Senate