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

This bill requires the Consumer Financial Protection Bureau to issue a rule prior to deleting or modifying publicly available small business loan data due to privacy concerns. Specifically, the bureau must describe the intended modifications and deletions and explain how such modifications and deletions will advance a privacy interest.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6739 Introduced in House (IH)]

<DOC>






117th CONGRESS
  2d Session
                                H. R. 6739

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

                           February 15, 2022

  Mr. Luetkemeyer (for himself, Mr. Hill, and Mr. Williams of Texas) 
 introduced the following bill; which was referred to the Committee on 
                           Financial Services

_______________________________________________________________________

                                 A BILL


 
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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. RULEMAKING REQUIREMENT.

    Section 704B(e)(4) of Equal Credit Opportunity Act (15 U.S.C. 
1691c-2(e)(4)) is amended--
            (1) by striking ``The Bureau may,'' and inserting:
                    ``(A) In general.--The Bureau may,''; and
            (2) by adding at the end the following:
                    ``(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.''.
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