Who it affects
- Small business owners seeking financing
- Small business financing providers
- Financing brokers and businesses that find potential borrowers
In committeeSmall businessBanking
Small business financing principles
H.Res. 1267 · Resolution · Introduced May 7, 2026
This bill would express the House’s support for fair financing principles for small business borrowers and urge Congress to use them when considering legislation and regulations.
What stands out
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These are patterns in public records, not proof that money changed a vote. The same rules apply to every member. How we decide
At a glance
Where it stands
In committee
How South Carolina voted
No recorded votes yet.
See each vote ↓Lobbying and money
No lobbying reported yet
Lobbyists report every three months, about 20 days after each quarter ends. We have January 2025 through September 2026 reports. Newer reports will be added once filed and published.
What it would do
- The resolution expresses the House’s views rather than creating binding requirements.
- It supports clear written financing costs and terms, fair treatment, and equal access to loans for small business borrowers.
- It supports checking borrowers’ ability to repay and avoiding financing that traps businesses in repeated, costly borrowing.
- It supports honest communications from financing providers and brokers about options, fees, and conflicts of interest.
- It supports fair debt collection and opposes agreements requiring borrowers to accept defeat in disputes before they happen.
- It urges Congress to use these principles as a framework for possible legislation and regulations.
Written with AI from the official bill text, because no CRS summary is available. Read the bill text ↗
How South Carolina voted
No recorded roll-call vote on this bill yet.
Groups that lobbied on it and gave to SC's members
PAC, lobbyist campaign and qualifying employee money this election, shown separately and never added together. Lobbying reports name the bills a group worked on, not which side it took.
No lobbying reported yet. Lobbyists report every three months, about 20 days after each quarter ends. We have January 2025 through September 2026 reports. Newer reports will be added once filed and published.
Official record
Official title, sponsor and status
- Official title
- Expressing the sense of the House of Representatives that small business owners seeking financing have fundamental rights, including transparent pricing and terms, competitive products, responsible underwriting, fair treatment from financing providers, brokers, and lead generators, inclusive credit access, and fair collection practices.
- Sponsor
- Rep. Simon, Lateefah (D-CA)
- Introduced
- May 7, 2026
- Cosponsors
- 1
- Committees
- House Small Business Committee
- Latest action
- May 7, 2026 · Referred to the House Committee on Small Business.
Official summary from the Congressional Research Service
Congress hasn't published an official summary.
Summary on Congress.gov ↗Everyone who lobbied on this bill (0 groups)
No lobbying report we have loaded names this bill. That doesn't mean no lobbying took place.
Lobbyists report every three months, about 20 days after each quarter ends. We have January 2025 through September 2026 reports. Newer reports will be added once filed and published. Reports for October through December 2026 are due January 20, 2027.