AdvisorNews, July 6, 2021, House Financial Services Committee Issues Report on LGBTQ Business Equal Credit Enforcement & Investment Act
The House Financial Services Committee issued a report (H.Rpt. 117-65) on the LGBTQ Business Equal Credit Enforcement and Investment Act (H.R. 1443) that aims to amend the Equal Credit Opportunity Act to require the collection of small business loan data related to LGBTQ-owned businesses. The report was advanced by Rep. Maxine Waters, D-California, on June 17, 2021.
One organization that was awarded was the National Community Reinvestment Coalition