To amend the Truth in Lending Act to apply that 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 amend the Truth in Lending Act to apply that 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 H17046ED1E5EE4EB4A7B14A92E305D5BC: 1. Short title This Act may be cited as the Small Business Financing Disclosure Act of 2023.
- Section HA3954AC48A28497CAC40DB7B7BB029D5: 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 H6B9ABEEF03244C48B2D177C427AD5D9B: 191. Definitions In this chapter: The term closed-end commercial credit— means a secured or unsecured closed-end extension of credit, including financing with...
- Section H7E90843A11A24FEAB39BA7A8EC7BAF4B: 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 that...
- Section H9256068A03214535ADD716D5B2A490A1: 193. Additional disclosures Any provider offering small business financing to a small business shall disclose the following information to a recipient at the...
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 amend the Truth in Lending Act to apply that 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 amend the Truth in Lending Act to apply that 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
IntroducedMr. Menendez (for himself, Mr. Brown, Mr. Wyden, and Mr. …
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
Key Definitions
Terms defined in this bill
any small business financing provided by a person under a plan that— the person reasonably contemplates repeat transactions
any small business financing provided by a person under a plan that— the person reasonably contemplates repeat transactions
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