,,ii  #aai? ,,congress  #a/ ,session    
,s4 #bceb  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #ag1 #bjbe,mrs4  
,britt 7= h]self & ,mr4 ,boozman7       
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d ! ,equal ,cr$it        
,opportunity ,act to modify !           
requirem5ts associat$ ) small bus9ess   
loan data collection1 & = o!r purposes4 
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,prev5t+ ,regulatory ,ov]rea* to      
,emp[] ,communities to ,?rive & ,ensure 
,data ,privacy ,act or ! ,,protect$     
,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
 7c7-- 7,a7 by /rik+ ,any applicant &   
ins]t+ ! foll[+3  7#a7 ,9 g5]al ,any    
applicant  2 &  7,b7 by /rik+ ! p]iod at
 ! end & ins]t+ ! foll[+3 1 & ! f9ancial
 in/itution may1 :5 reque/+ su*         
in=mation1 in=m ! applicant 9 writ+ t-- 

7,a7 ! ,bureau ( ,consum] ,f9ancial     
,protection requires ! f9ancial         
in/itution to ask1 collect1 & report su*
 in=mation to ! ,f$]al ,gov]nm5t        
annually pursuant to ?is section2  7,b7 
! applicant's response w n affect !     
f9ancial in/itution's evaluation ( !    
reque/ = cr$it2 &  7,c7 ! applicant is n
 requir$ to provide su* in=mation4  2 & 
7#b7 9 subsection 7e7-- 7,a7 9 p>agraph 
7#b7-- 7i7 by /rik+ subp>agraphs 7,c71  
7,g71 & 7,h72 &  7ii7 by r$esignat+     
subp>agraphs 7,d71 7,e71 & 7,f7 z       
subp>agraphs 7,c71 7,d71 & 7,e71        
respectively2  7,b7 9 p>agraph 7#d7--   
7i7 by /rik+ ,! & ins]t+ ! foll[+3  7,a7
 ,9 g5]al ,!  2 &  7ii7 by add+ at ! end
 ! foll[+3  7,b7 ,rulemak+ ,! ,bureau   
%all1 be=e delet+ or modify+ data "u ?is
 p>agraph1 & aft] notice & an           
opportunity = comm5t1 issue rules t     
include a description ( :at             
modifications & deletions ! ,bureau     
int5ds to make to ! data & h[ su*       
modifications & deletions w advance a   

privacy int]e/4  2 &  7,c7 by add+ at ! 
end ! foll[+3  7#e7 ,prohibition on     
in=mation n report$ by an applicant ,a  
f9ancial in/itution may n compile &     
ma9ta9 in=mation describ$ "u subsection 
7b7 t 0 det]m9$ by ! f9ancial in/itution
 us+ visual obs]vation or any o!r mann] 
o!r ?an be+ provid$ by an applicant4    
7#f7 ,treatm5t ( response rate ,!       
p]c5tage ( applicants provid+ a f9ancial
 in/itution ) ! in=mation describ$ "u   
subsection 7b7 may n be us$ z a factor 9
 det]m9+ :e!r a f9ancial in/itution is 9
 compliance ) ! requirem5ts "u ?is      
subsection4  7#g7 ,safe h>bor ,! ,bureau
 may n en=ce compliance ) ! requirem5ts 
( ?is subsection dur+ ! #b-ye> p]iod    
beg9n+ on ! effective date describ$ 9   
p>agraph 7#h74  7#h7 ,effective date    
,?is subsection %all take effect on !   
date t is #c ye>s aft] ! date on :i* !  
,bureau completes ! co/-b5efit analysis 
"u *apt] #f ( "p ,i ( title #e1 ,unit$  
,/ates ,code 7commonly ref]r$ to z !    
,regulatory ,flexibility ,act7 &        

sub*apt] ,i ( *apt] #ce ( title #dd1    
,unit$ ,/ates ,code 7commonly ref]r$ to 
z ! ,pap]work ,r$uction ,act774  7#i7   
,def9itions ,9 ?is subsection3 7,a7     
,f9ancial in/itution ,! t]m f9ancial    
in/itution-- 7i7 means-- 7,i7 any       
p>tn]%ip1 company1 corporation1         
association 7incorporat$ or             
un9corporat$71 tru/1 e/ate1 coop]ative  
organization1 or o!r entity t-- 7aa7    
engages 9 any f9ancial activity2 &  7bb7
 9 ea* ( ! prec$+ #b cal5d> ye>s1       
orig9at$ n less ?an #b1ejj cr$it        
transactions = small bus9esses2 &  7ii7 
does n include-- 7,i7 any f9ancial      
in/itution ) less ?an #aj1jjj1jjj1jjj 9 
assets2  7,,ii7 a ,f>m ,cr$it ,sy/em    
in/itution *>t]$ "u & subject to !      
provisions ( ! ,f>m ,cr$it ,act ( #aiga 
7#ab ,u4,s4,c4 #bjja et seq472  7,,iii7 
community developm5t f9ancial           
in/itutions1 z def9$ 9 section #ajc ( ! 
,community ,developm5t ,bank+ &         
,f9ancial ,in/itutions ,act ( #aiid 7#ab
 ,u4,s4,c4 #dgjb72 or  7,,iv7 l5d]s     

involv$ 9 equipm5t & vehicle f9anc+4    
7,b7 ,small bus9ess ,! t]m small bus9ess
 means an entity ) gross annual rev5ues 
( n m ?an #a1jjj1jjj 9 ! prec$+ fiscal  
ye>4  4