Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that requires financial institutions to report certain credit application data to the Consumer Financial Protection Bureau for the purposes of enforcing fair lending laws. Specifically, financial institutions must report this data regarding lesbian-, gay-, bisexual-, transgender-, or queer-owned businesses.

Highlights:

• Specifies that it is the sense of Congress that the term “sex,” as used within the Equal Credit Opportunity Act, includes an individual’s sexual orientation and gender identity and that this bill clarifies that the sex, sexual orientation, and gender identity of the principal owners of a business should be collected as three separate forms of information (Sec. 2).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that requires financial institutions to report certain credit application data to the Consumer Financial Protection Bureau for the purposes of enforcing fair lending laws. Specifically, financial institutions must report this data regarding lesbian-, gay-, bisexual-, transgender-, or queer-owned businesses.

Highlights:

• Specifies that it is the sense of Congress that the term “sex,” as used within the Equal Credit Opportunity Act, includes an individual’s sexual orientation and gender identity and that this bill clarifies that the sex, sexual orientation, and gender identity of the principal owners of a business should be collected as three separate forms of information (Sec. 2).

Full Bill Text

Full Bill Text