H.R. 2885

119th CONGRESS 1st Session

To require the Bureau of Consumer Financial Protection to issue a rule before deleting or modifying certain small business loan data, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES · April 10, 2025 · Sponsor: Mr. Rose · Committee: Committee on Financial Services

Table of contents

• H.R. 2885
  • SEC. 1. Short title
  • SEC. 2. Rulemaking requirement

SEC. 1. Short title

• This Act may be cited as the Bank Loan Privacy Act.

SEC. 2. Rulemaking requirement

• Section 704B(e)(4) of the Equal Credit Opportunity Act () is amended— 15 U.S.C. 1691c–2(e)(4)
  • by striking and inserting:
    • (A) In general
      • The Bureau may,
    • (B) Rulemaking requirement
      • The Bureau shall, before deleting or modifying data under this paragraph issue, through advance notice and comment, a rule that includes a description of what modifications and deletions the Bureau intends to make to the data and how such modifications and deletions will advance a privacy interest.
  • by adding at the end the following: