H.R. 5574 — Introduced in House

I 116th CONGRESS 2d Session H. R. 5574 IN THE HOUSE OF REPRESENTATIVES January 10, 2020Mr. Williams (for himself, Mr. Gooden, Mr. John W. Rose of Tennessee, Mr. Barr, Mr. Loudermilk, and Mr. Budd) introduced the following bill; which was referred to the Committee on Financial Services A BILL To repeal the small business loan data collection requirement established by section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. 1. Short title This Act may be cited as the Preserving Small Business Lending Act of 2020. 2. Repeal of small business loan data collection requirement (a) In general Public Law 93–495 is amended— (1) in section 701(b) (15 U.S.C. 1691(b))— (A) in paragraph (3), by adding or at the end; (B) in paragraph (4), by striking ; or and inserting a period; and (C) by striking paragraph (5); (2) by striking section 704B (15 U.S.C. 1691c–2); and (3) in the table of contents of such Act, by striking the item relating to section 704B. (b) Conforming amendment The Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5301 et seq.) is amended— (1) by striking section 1071; and (2) in the table of contents for such Act, by striking the item relating to section 1071.