Small Business Lending Data Collection at Risk - Support Section 1071
On October 18, S.J.Res.32 - Disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Consumer Financial Protection Bureau relating to "Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)", a measure which nullifies the final rule implementing Section 1071, passed the U.S. Senate by a vote of 53-44. Now, this week, the resolution is expected be considered in the U.S. House of Representatives where it has enough support to pass- but you can still make the difference.
Collecting minority small business lending data through Section 1071 implementation will increase transparency, enhance enforcement of fair lending laws, and ultimately increase opportunities for women-owned, minority-owned, and small businesses. But the clock is ticking- to protect critical small business lending data collection please fill out this short form to email your representative while there is still time and urge a NO vote to S.J. Res. 32.
YOUR VOICE IS NEEDED NOW, if the House passes S.J.Res. 32 the next stop for the resolution is the President’s desk.
WRITE TO YOUR U.S. REPRESENTATIVE TODAY. Urge a NO VOTE on S.JRes.32: