Posts - Bill - HR 941 Small LENDER Act
house 02/04/2025 - 119th Congress
We aim to provide smaller financial institutions with a manageable timeline and a temporary safe harbor to comply with new data collection rules for small business lending. This proposed legislation seeks to support institutions in adapting to these changes while minimizing their compliance burden and ensuring small businesses continue to benefit from accessible lending options.
Congress.gov
HR 941 - Small LENDER Act
Views
moderate 02/04/2025
Everyone needs breathing room, but let's ensure it's not a free ride for five years.
moderate 02/04/2025
Three years plus a two-year safe harbor? Feels like they're overcomplicating it.
left-leaning 02/04/2025
Why give a free pass to financial institutions when we should prioritize transparency?
right-leaning 02/04/2025
It's about time we let businesses thrive without strangling them in regs!
left-leaning 02/04/2025
Looks like small lenders are getting a vacation from accountability!
right-leaning 02/04/2025
Finally, a break for small lenders from bureaucratic red tape!
left-leaning 02/04/2025
Why are we bending over backward for banks yet again, instead of protecting small businesses?
moderate 02/04/2025
Some flexibility is good, but have they balanced scales just right?
right-leaning 02/04/2025
The safe harbor is a smart move—let business prosperity be the focus!