A Republican bill with 2 Republican cosponsors · See all 2 cosponsors
Last activity — Referred to the House Committee on Financial Services.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill, titled the "Bank Loan Privacy Act," targets the Bureau of Consumer Financial Protection. It seeks to change how the Bureau handles certain small business loan data. Specifically, it requires the Bureau to issue a formal rule before it can delete or modify such data. This new process must include an advance notice and comment period. The rule must also describe the intended changes and explain how they help privacy interests.
Yes· 3 of 7
- Scored +5
Does this make what the government does easier for the public to see?
The bill increases transparency by requiring advance notice and comment for data modifications.
- Scored +5
Does this protect people from being watched or searched?
It strengthens privacy by ensuring data changes are justified and subject to public comment.
- Scored +5
Does this give people more control over their personal data?
The bill enhances data privacy protections by requiring the Bureau to justify modifications or deletions of small business loan data.
The opposite
- Scored -2
Does this give the federal government more power?
The bill slightly restricts the unilateral authority of a federal agency by imposing new rulemaking requirements.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Transparency: Under Section 2, the Bureau would be required to issue a rule that includes a description of what modifications and deletions it intends to make to the data. This provides people with clear information about changes being made.
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Public Input Opportunity: Section 2 mandates that the Bureau must use an "advance notice and comment" process. This allows individuals or groups to have a voice before data is changed or deleted.
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Privacy Justification: According to Section 2, any new rule must explain "how such modifications and deletions will advance a privacy interest." This ensures that the Bureau must justify its actions based on protecting privacy.
Potential Negative Impacts for People
- No negative impacts are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The bill increases transparency by requiring advance notice and comment for data modifications. Does this protect people from being watched or searched? — It strengthens privacy by ensuring data changes are justified and subject to public comment. Does this protect the right to fair treatment by the courts? — It introduces a more structured, notice-based process for the Bureau to alter sensitive data. Does this give the federal government more power? — The bill slightly restricts the unilateral authority of a federal agency by imposing new rulemaking requirements.
- Economy And Finance
- Does this give people more protection from unfair business practices? — It strengthens consumer protection by requiring notice and a privacy justification before data is modified or deleted. Does this make it easier to run a small business? — The bill provides small businesses with more transparency and predictability regarding their loan data management by the Bureau.
- Education And Technology
- Does this give people more control over their personal data? — The bill enhances data privacy protections by requiring the Bureau to justify modifications or deletions of small business loan data.
- Demographic And Interest Groups
- Would business owners be better off under this? — The bill protects small business owners by ensuring their loan data cannot be modified without formal notice and justification.
- 5/20/2025
- 1 Cosponsor added.
- 4/10/2025
- Referred to the House Committee on Financial Services.
- 1 Cosponsor added.
- Introduced in House
Andy BarrRepublican · Kentucky
Monica De La CruzRepublican · Texas