Legislative Activity
Track J.'s sponsored bills, co-sponsored legislation, and voting record
The "Small LENDER Act" amends the Equal Credit Opportunity Act, providing financial institutions a 3-year compliance period and a subsequent 2-year safe harbor for new small business lending data collection rules, specifically for institutions originating at least 500 small business credit transactions and small businesses with revenues of $1,000,000 or less.
J. Hill
Representative
AR
J. Hill
Representative
AR
The Small LENDER Act amends the Equal Credit Opportunity Act to ease the burden of new small business lending data collection rules. It provides financial institutions with a three-year compliance period, followed by a two-year safe harbor from penalties. The act defines "financial institution" as one originating at least 500 small business credit transactions in each of the previous two years, and "small business" as one with $1,000,000 or less in gross annual revenue.
This bill allocates \$22,407,000 from the House of Representatives' funds for the Committee on Financial Services' expenses during the One Hundred Nineteenth Congress, divided equally between the first and second sessions, and outlines the procedures for payment and regulation of these funds.
J. Hill
Representative
AR
J. Hill
Representative
AR
This bill allocates $22,407,000 from the House of Representatives' funds to cover the expenses of the Committee on Financial Services for the 119th Congress, including staff salaries. The funds are divided into two equal amounts available for the first and second sessions of Congress. Payments will be made through vouchers authorized by the Committee and following the regulations set by the House Administration Committee.