H.R. 2885
IntroducedBank Loan Privacy Act
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Full text of the bill
Official source on Congress.gov ↗[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
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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.''. <all>