H.Res. 1267

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 1267 Introduced in House (IH)]

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119th CONGRESS
2d Session
H. RES. 1267

Expressing the sense of the House of Representatives that small 
business owners seeking financing have fundamental rights, including 
transparent pricing and terms, competitive products, responsible 
underwriting, fair treatment from financing providers, brokers, and 
lead generators, inclusive credit access, and fair collection 
practices.

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IN THE HOUSE OF REPRESENTATIVES

May 7, 2026

Ms. Simon (for herself and Ms. Velazquez) submitted the following 
resolution; which was referred to the Committee on Small Business

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RESOLUTION

Expressing the sense of the House of Representatives that small 
business owners seeking financing have fundamental rights, including 
transparent pricing and terms, competitive products, responsible 
underwriting, fair treatment from financing providers, brokers, and 
lead generators, inclusive credit access, and fair collection 
practices.

Whereas there are more than 33.2 million small businesses in the United States, 
accounting for 99 percent of all firms;
Whereas, from 1995 to 2024, small businesses created 20.7 million net new jobs, 
accounting for 61 percent of net new jobs in that period;
Whereas small businesses are the driving force behind innovation and 
competitiveness in the United States and are integral to the Nation's 
overall economic growth and prosperity;
Whereas, according to the Federal Reserve's 2025 Small Business Credit Survey, 
86 percent of small firms use financing on a regular basis;
Whereas entrepreneurs throughout the country face challenges accessing the 
capital needed to create, sustain, and grow small businesses and at the 
same time, are increasingly targeted with irresponsible lending 
practices;
Whereas a small business borrower has the right to have the cost and terms of 
any financing being offered presented to them in writing and in a form 
that is clear, complete, and easy to compare with other financing 
options, so they can make the best decision for their business;
Whereas a small business borrower has the right to expect that financing 
products will not trap his or her business in an expensive cycle of 
reborrowing;
Whereas a small business borrower has the right to expect that financing is 
offered to them based on underwriting practices that assess the ability 
of the borrower's business to succeed and repay;
Whereas a small business borrower has the right to honest, transparent, and 
impartial communications with all financing providers, brokers, and lead 
generators regarding loan options, conflicts of interest, fees, and the 
financing options available;
Whereas a small business borrower has the right to fair and equal treatment when 
seeking a loan, including protections guaranteed under the Equal Credit 
Opportunity Act;
Whereas a small business borrower has the right to be treated fairly and 
respectfully throughout a collections process and the right to 
protections like those guaranteed under the Fair Debt Collection 
Practices Act; and
Whereas a small business borrower has the right to expect that financing 
providers do not use confessions of judgment or equivalent legal 
agreements by which a borrower preemptively agrees to lose disputes with 
the financing provider: Now, therefore, be it
Resolved, That it is the sense of the House of Representatives 
that--
(1) the above principles promote the sustained growth and 
vitality of America's main street businesses; and
(2) Congress should take all appropriate measures to use 
these principles as a framework for potential legislation and 
regulations to protect small business owners seeking financing 
that would start, continue, or expand operations and create 
jobs.
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