House Republicans block LGBTQ small business credit measure
A measure introduced by freshmen New York Representative Ritchie Torres (D15-Bronx) that would ensure that financial institutions are providing LGBTQ-owned small businesses equal access to credit was blocked by the Republican caucus this week.
Torres’ LGBTQ Business Equal Credit Enforcement and Investment Act, HR 1443, requiring financial institutions to collect data on credit applications by LGBTQ-owned businesses, was stopped from passing in a 248-177 vote Tuesday. The measure required a 2/3rds vote (284) to pass.
House Speaker Nancy Pelosi in a statement after the vote noted, “House Republicans are using Pride Month to attack LGBTQ-owned small businesses. […] Passing this uncontroversial bill to help small businesses stay afloat during a pandemic should be a no-brainer.”
“Sadly, no attack is too low for this House Republican Conference, not even attacking LGBTQ-owned small businesses during Pride Month,” Pelosi added.
The openly gay Ritchie tweeted, “The Republicans in the House voted down my legislation, HR 1443, which would protect LGBTQ-owned businesses from discrimination. A slap in the face to the LGBTQ community right in the heart of Pride Month.”