H.R. 2885

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2885 Introduced in House (IH)]

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119th CONGRESS
1st Session
H. R. 2885

To require the Bureau of Consumer Financial Protection to issue a rule 
before deleting or modifying certain small business loan data, and for 
other purposes.

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IN THE HOUSE OF REPRESENTATIVES

April 10, 2025

Mr. Rose (for himself and Ms. De La Cruz) introduced the following 
bill; which was referred to the Committee on Financial Services

_______________________________________________________________________

A BILL

To require the Bureau of Consumer Financial Protection to issue a rule 
before deleting or modifying certain small business loan data, and for 
other purposes.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Bank Loan Privacy Act''.

SEC. 2. RULEMAKING REQUIREMENT.

Section 704B(e)(4) of the Equal Credit Opportunity Act (15 U.S.C. 
1691c-2(e)(4)) is amended--
(1) by striking ``The Bureau may,'' and inserting:
``(A) In general.--The Bureau may,''; and
(2) by adding at the end the following:
``(B) Rulemaking requirement.--The Bureau shall, 
before deleting or modifying data under this paragraph 
issue, through advance notice and comment, a rule that 
includes a description of what modifications and 
deletions the Bureau intends to make to the data and 
how such modifications and deletions will advance a 
privacy interest.''.
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