House Financial Services Committee Issues Report on LGBTQ Business Equal Credit Enforcement & Investment Act

Published in Advisor News on

An article that references the House Committee hearing “Justice for All: Achieving Racial Equity Through Fair Access to Housing and Financial Services"

The House Financial Services Committee issued a report (H.Rpt. 117-65) on the LGBTQ Business Equal Credit Enforcement and Investment Act (H.R. 1443) that aims to amend the Equal Credit Opportunity Act to require the collection of small business loan data related to LGBTQ-owned businesses. The report was advanced by Rep. Maxine Waters, D-California, on June 17, 2021.

Excerpts of the report follow (with changes to the law omitted, and available at