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BillHR 941 · 119

Small LENDER Act

Introduced
Feb 4, 2025
Cosponsors
16
Traction
0
Last Action
Jun 18, 2026

Bill Summary

Relaxes some regulations on small lenders, allowing them to operate with fewer restrictions. This change affects how these lenders report and manage their activities.

Sponsored By

J. French Hill
Republican · Arkansas · House

Bill Journey

  1. Feb 4, 2025
  4. Jun 18, 2026You Are Here

    The full chamber debates the bill, may amend it, and votes on whether to pass it.

  5. TBD

    If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.

  6. TBD

    If passed by both chambers, the bill goes to the President to sign into law or veto.

Why It Matters

Small lenders, such as community banks and credit unions, are directly affected as they may face reduced regulatory burdens. Consumers who borrow from these small lenders may also be impacted through potential changes in loan terms and availability.

Impact Areas

Sample
Addresses Supply
Targets an underlying shortage driving costs.
Supports Families
Aimed at easing pressure on working households.
Long-term Impact
Effects compound across multiple budget cycles.
Expands Access
Lowers barriers for first-time participants.

Support & Opposition

Sponsor & cosponsor support by party
17backers
  • Republican17
Cross-party cosponsors0 · 0%

Documents

1

Full text opens on congress.gov, the official source.

Cosponsors (16)

Show all 12 more

Bill Details

Bill TypeHouse Bill · Federal
Primary TopicMoney & Economy
CommitteeHouse Committee (sample)Sample
IntroducedFeb 4, 2025
Last UpdatedJun 18, 2026
Latest ActionPlaced on the Union Calendar, Calendar No. 610.
Subjects
  • Economy

Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.