[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"current-user-roles":3,"user-subscription":3,"bill:119-hr-941":4},null,{"bill":5,"indexable":200,"summaries":201,"cosponsors":207,"cosponsorSlugs":286,"actions":303,"amendments":374,"amendmentSponsorSlugs":375,"linkages":376,"sponsorSlug":377},{"sponsor":6,"cboCostEstimates":15,"originChamber":16,"congress":17,"isByRequest":18,"title":19,"createdAt":20,"cosponsorCount":21,"onBehalfOfSponsor":3,"adminOverride":3,"amendmentCount":22,"popularTitle":3,"laws":3,"billType":23,"introducedDate":24,"congressGovUrl":25,"constitutionalAuthority":26,"policyArea":27,"deletedAt":3,"billNumber":28,"cosponsorCountIncludingWithdrawn":21,"status":29,"keyMilestoneCount":30,"subjects":31,"policyAreaLower":37,"statusDate":38,"actionCount":39,"latestAction":40,"committees":42,"committeeCodes":58,"committeeReports":59,"updateDate":63,"shortTitle":19,"officialTitle":64,"updatedAt":65,"searchTokens":66},{"firstName":7,"lastName":8,"district":9,"fullName":10,"middleName":11,"state":12,"party":13,"bioguideId":14},"J.","Hill","2","Rep. 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(For background about the CFPB rule and subsequent litigation see CRS Report \u003Ca href=\"https:\u002F\u002Fwww.congress.gov\u002Fcrs-product\u002FR47788\">R47788\u003C\u002Fa>.)\u003C\u002Fp>\u003Cp>Under the bill, the reporting requirements apply only to financial institutions that originate at least 500 credit transactions to small businesses in each of the preceding two years. The bill further defines small businesses as those with gross annual revenue of $1 million or less.\u003C\u002Fp>\u003Cp>The rule currently establishes a phase-in period that ultimately requires institutions that originate over 100 credit transactions to small businesses to comply with the reporting requirements. 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