To apply the Truth in Lending Act to small business financing, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To apply the Truth in Lending Act to small business financing, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Environment, Transportation.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H54344EDB32954AE39DAED69E0A512E99: 1. Short title This Act may be cited as the Small Business Financing Disclosure Act of 2023.
- Section HD18892528F944FD59D750C8068569763: 2. Application of the Truth in Lending to small business financing The Truth in Lending Act (15 U.S.C. 1601 et seq.) is amended by adding at the end the...
- Section H851786BEBC7948EFA56EB0EE555C4683: 191. Definitions In this chapter: The term closed-end commercial credit— means a closed-end extension of credit, secured or unsecured, including financing with...
- Section H123B6922433543B38C2BA64D238DB13F: 192. Application of this title to small business financing This title shall apply to small business financing made to a small business to the same extent as...
- Section H75AB1500A8244AF69F0E6D5DE654698F: 193. Additional disclosures Any provider offering small business financing to a small business shall disclose the following pieces of information to a...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To apply the Truth in Lending Act to small business financing, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Environment, Transportation
Primary Purpose
This bill, To apply the Truth in Lending Act to small business financing, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMs. Velázquez (for herself and Ms. Waters) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology