,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #fgcb  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,febru>y #ae1         
#bjbb,mr4 ,hill 7= himself1 ,mr4        
,luetkemey]1 & ,mr4 ,williams ( ,texas7 
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to alt] requirem5ts associat$ )
 small bus9ess loan data collection1 & =
 o!r purposes4  #a4 ,%ort title ,?is    
,act may be cit$ z ! ,small ,l5d]s      
,exempt f ,new ,data & ,excessive       
,report+ ,act or ! ,small ,,l5d] ,act4  
#b4 ,small bus9ess loan data collection 
,section #gjd;,b ( ! ,equal ,cr$it      
,opportunity ,act 7#ae ,u4,s4,c4        
#afia;c-#b7 is am5d$-- 7#a7 9 subsection
 7g71 by add+ at ! end ! foll[+3  7#d7  
,compliance  7,a7 ,9 g5]al ,) respect to
 any rules or guidance issu$ "u ?is     
subsection on or aft] ! date ( !        
enactm5t ( ?is p>agraph1 ! ,bureau %all 
provide f9ancial in/itutions n less ?an 
#c ye>s to comply ) su* rule or         
guidance4  7,b7 ,safe h>bor ,) respect  

to any rules or guidance issu$ "u ?is   
subsection on or aft] ! date ( !        
enactm5t ( ?is p>agraph1 ^u ! #c-ye>    
p]iod describ$ 9 subp>agraph 7,a71 !    
,bureau %all provide a #b-ye> safe h>bor
 to all f9ancial in/itutions dur+ :i* ! 
f9ancial in/itutions are requir$ to     
comply ) ! rule or guidance b n subject 
to any p5alties4  2 &  7#b7 9 subsection
 7h7-- 7,a7 by /rik+ p>agraph 7#a7 &    
ins]t+ ! foll[+3  7#a7 ,f9ancial        
in/itution ,! t]m f9ancial in/itution   
means-- 7,a7 any p>tn]%ip1 company1     
corporation1 association 7incorporat$ or
 un9corporat$71 tru/1 e/ate1 coop]ative 
organization1 or o!r entity t engages 9 
any f9ancial activity2 &  7,b7 9 ea* ( !
 two prec$+ cal5d> ye>s1 orig9at$ n less
 ?an #ejj cr$it transactions = small    
bus9esses4  2 &  7,b7 by /rik+ p>agraph 
7#b7 & ins]t+ ! foll[+3  7#b7 ,small    
bus9ess ,! t]m small bus9ess means any  
entity ) gross annual rev5ues (         
#a1jjj1jjj or less 9 ! mo/ rec5tly      
complet$ fiscal ye>4  4