I 116th CONGRESS 1st Session H. R. 3374 IN THE HOUSE OF REPRESENTATIVES June 20, 2019 Mr. Rouda (for himself, Ms. Jackson Lee , Ms. Wilson of Florida , Ms. Haaland , and Mr. Cox of California ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Equal Credit Opportunity Act to require the collection of small business loan data related to LGBTQ-owned businesses.

1. Short title This Act may be cited as the LGBTQ Business Equal Credit Enforcement and Investment Act . 2. Small business loan data collection Section 704B of the Equal Credit Opportunity Act (15 U.S.C. 1691c–2) is amended— (1) by inserting LGBTQ-owned, after minority-owned, each place such term appears; (2) in subsection (e)(2)(G), by inserting (including sexual orientation and gender identity), after sex ; and (3) in subsection (h), by adding at the end the following: (7) LGBTQ-owned business The term LGBTQ-owned business means a business— (A) more than 50 percent of the ownership or control of which is held by 1 or more individuals self-identifying as lesbian, gay, bisexual, transgender, or queer; and (B) more than 50 percent of the net profit or loss of which accrues to 1 or more individuals self-identifying as lesbian, gay, bisexual, transgender, or queer. .