Congress·Reported·H.R. 941

Small LENDER Act

Small Business Lending: New Reporting Rules for Banks

Apr 21·View on Congress.gov·Read full text

This bill is one vehicle in a longer effort. See the full story across every version.View effort →

Next up: The House

The Small LENDER Act was reported by the House Committee on Financial Services on June 17, 2026. It is now waiting for a vote by the full House of Representatives. While the bill reached a major milestone by leaving the committee, it is unclear when the House leadership will schedule it for a floor vote.

Legislative Progress

House

Senate

President

Law

Could go either way

This bill has strong support from House Republicans who want to cut regulations, but it may face a tougher time passing in the Senate where margins are tighter.

How we got here

This bill’s path across every version that has carried it.

Reintroduced
Reintroduced from H.R. 1806 (118th), which died when its Congress ended.
H.R. 1806 (118th) →

Key Points

This bill changes how banks report information about loans they give to small businesses. It aims to reduce the paperwork burden on smaller lenders by giving them more time to follow new federal rules.
Banks would get three years to start following the new rules and another two years where they would not face penalties for making mistakes. This gives local banks more time to set up their systems without fear of being fined.
The bill changes which banks have to report this data. Only banks that make at least 500 small business loans a year would have to follow these rules. This means many smaller community banks would be exempt from the extra work.
It also changes the definition of a small business to only include companies making $1 million or less per year. This narrows the focus of the data collection to truly small companies rather than larger ones.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

3 milestones6 actions

Jun 18, 2026House

Placed on the Union Calendar, Calendar No. 610.

The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.

Jun 18, 2026House

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-702.

Apr 21, 2026House

Ordered to be Reported by the Yeas and Nays: 26 - 22.

The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.

Apr 21, 2026House

Committee Consideration and Mark-up Session Held

Feb 4, 2025House

Referred to the House Committee on Financial Services.

No votes, news coverage, or related bills recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

Small LENDER Act

Bill NumberHR 941

Congress119th Congress

ChamberHouse of Representatives

Latest ActionPlaced on the Union Calendar, Calendar No. 610.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(16)

R: 16

Analysis generated by AI. Always verify with official sources.