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Right to Lend Act of 2015

H.R. 1766 · 114th Congress · Apr 14, 2015 · Lineage

A BILL

To amend the Equal Credit Opportunity Act to repeal a small business loan data collection requirement.

Section 1 Short title

This Act may be cited as the “Right to Lend Act of 2015”.

Sec. 2 Small business loan data collection requirement

(a)
Repeal— Section 704B of the Equal Credit Opportunity Act (15 U.S.C. 1691c–2) is repealed.
(b)
Conforming amendments— Section 701(b) of the Equal Credit Opportunity Act (15 U.S.C. 1691(b)) is amended—
(1)
in paragraph (3), by inserting “or” at the end;
(2)
in paragraph (4), by striking “; or” and inserting a period; and
(3)
by striking paragraph (5).
(c)
Clerical amendment— The table of sections for title VII of the Consumer Credit Protection Act is amended by striking the item relating to section 704B.