I 118th CONGRESS 1st Session H. R. 6652 IN THE HOUSE OF REPRESENTATIVES December 6, 2023 Mr. Torres of New York (for himself, Mr. Allred , Mrs. Beatty , Mr. Blumenauer , Ms. Bonamici , Ms. Castor of Florida , Ms. Chu , Ms. Davids of Kansas , Mr. Evans , Mr. Foster , Mr. García of Illinois , Ms. Garcia of Texas , Mr. Goldman of New York , Mr. Gottheimer , Mr. Green of Texas , Mr. Grijalva , Mrs. Hayes , Ms. Jayapal , Ms. Kamlager-Dove , Mr. Kim of New Jersey , Ms. Leger Fernandez , Mr. McGovern , Mr. Meeks , Ms. Moore of Wisconsin , Mr. Nadler , Mr. Nickel , Ms. Norton , Mr. Payne , Mr. Pocan , Ms. Salinas , Ms. Schakowsky , Mrs. Sykes , Mr. Takano , Ms. Titus , Mr. Tonko , Ms. Velázquez , and Ms. Wilson of Florida ) 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 LGBTQI-owned businesses.

1. Short title This Act may be cited as the LGBTQI 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 LGBTQI-owned, after minority-owned, each place such term appears; (2) in subsection (e)(2)(G), by inserting , sexual orientation, gender identity, intersex status after sex ; and (3) in subsection (h), by adding at the end the following: (7) LGBTQI-owned business The term LGBTQI-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, queer, or intersex; 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, queer, or intersex. .