| 1 | 1 | | I |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 2885 |
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| 5 | 5 | | To require the Bureau of Consumer Financial Protection to issue a rule |
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| 6 | 6 | | before deleting or modifying certain small business loan data, and for |
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| 7 | 7 | | other purposes. |
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| 8 | 8 | | IN THE HOUSE OF REPRESENTATIVES |
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| 9 | 9 | | APRIL10, 2025 |
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| 10 | 10 | | Mr. R |
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| 11 | 11 | | OSE(for himself and Ms. DELACRUZ) introduced the following bill; |
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| 12 | 12 | | which was referred to the Committee on Financial Services |
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| 13 | 13 | | A BILL |
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| 14 | 14 | | To require the Bureau of Consumer Financial Protection |
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| 15 | 15 | | to issue a rule before deleting or modifying certain small |
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| 16 | 16 | | business loan data, and for other purposes. |
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| 17 | 17 | | Be it enacted by the Senate and House of Representa-1 |
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| 18 | 18 | | tives of the United States of America in Congress assembled, 2 |
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| 19 | 19 | | SECTION 1. SHORT TITLE. 3 |
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| 20 | 20 | | This Act may be cited as the ‘‘Bank Loan Privacy 4 |
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| 21 | 21 | | Act’’. 5 |
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| 22 | 22 | | SEC. 2. RULEMAKING REQUIREMENT. 6 |
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| 23 | 23 | | Section 704B(e)(4) of the Equal Credit Opportunity 7 |
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| 24 | 24 | | Act (15 U.S.C. 1691c–2(e)(4)) is amended— 8 |
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| 25 | 25 | | VerDate Sep 11 2014 03:55 Apr 24, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H2885.IH H2885 |
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| 26 | 26 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 |
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| 27 | 27 | | •HR 2885 IH |
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| 28 | 28 | | (1) by striking ‘‘The Bureau may,’’ and insert-1 |
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| 29 | 29 | | ing: 2 |
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| 30 | 30 | | ‘‘(A) I |
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| 31 | 31 | | N GENERAL.—The Bureau may,’’; 3 |
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| 32 | 32 | | and 4 |
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| 33 | 33 | | (2) by adding at the end the following: 5 |
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| 34 | 34 | | ‘‘(B) R |
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| 35 | 35 | | ULEMAKING REQUIREMENT .—The 6 |
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| 36 | 36 | | Bureau shall, before deleting or modifying data 7 |
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| 37 | 37 | | under this paragraph issue, through advance 8 |
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| 38 | 38 | | notice and comment, a rule that includes a de-9 |
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| 39 | 39 | | scription of what modifications and deletions 10 |
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| 40 | 40 | | the Bureau intends to make to the data and 11 |
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| 41 | 41 | | how such modifications and deletions will ad-12 |
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| 42 | 42 | | vance a privacy interest.’’. 13 |
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| 43 | 43 | | Æ |
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| 44 | 44 | | VerDate Sep 11 2014 03:55 Apr 24, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H2885.IH H2885 |
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| 45 | 45 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB |
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