Congresswoman Lateefah Simon and House Committee on Small Business Ranking Member Nydia Velázquez introduced the Small Business Borrowers’ Bill of Rights, a resolution affirming that small business owners seeking financing have fundamental rights to protect them from unfair lending practices.
Introduce and support a Small Business Borrowers' Bill of Rights to affirm fundamental rights for small business owners seeking financing and protect them from unfair lending practices.
Occurrences
joined Congressmembers Delia Ramirez, Jesús “Chuy” García, and Analilia Mejia to introduce The Living Wage for All Act, a resolution affirming that small business owners seeking financing have fundamental rights to protect them from unfair lending practices
Congresswoman Lateefah Simon (D-CA-12) and House Committee on Small Business Ranking Member Nydia Velázquez (D-NY-07) introduced the Small Business Borrowers’ Bill of Rights, a resolution affirming that small business owners seeking financing have fundamental rights to protect them from unfair lending practices.
Evidence
The press release confirms Simon introduced a bipartisan small-business-related bill in 2025 and frames her activity on small business financing and access, but it does not mention a Small Business Borrowers' Bill of Rights or unfair lending protections.
This official release shows Simon introduced and secured House passage of a separate small-business bill, The Assisting Small Businesses Not Fraudsters Act, demonstrating concrete legislative action on small business issues, but it is not the borrowers' bill of rights proposal.
The issues page highlights Simon’s work on small business matters and notes House passage of the Main Street Parity Act, which addressed unfair borrowing rules for certain small businesses. It still does not identify a Small Business Borrowers' Bill of Rights.
The Congress.gov member page confirms Simon's current congressional service and provides her legislative record. In the accessible excerpt, it does not show a bill matching the Small Business Borrowers' Bill of Rights claim during the lookback window.
The document references Small Business Committee consideration of critical legislation relating to small business borrowers' ability to access SBA loan programs, indicating congressional attention to lending terms and borrower protections. The excerpt does not show Simon sponsoring or advancing a Small Business Borrowers' Bill of Rights.
The House office’s press release feed records that Rep. Lateefah Simon and Rep. Nydia Velazquez introduced the Small Business Borrowers’ Bill of Rights on May 7, 2026.
The House office press release feed shows a May 7, 2026 entry stating that Congresswoman Lateefah Simon and House Small Business Committee Ranking Member Nydia Velazquez introduced the Small Business Borrowers' Bill of Rights, described as a resolution affirming fundamental rights for small business owners seeking financing and protecting them from unfair lending practices.
The official House press release feed lists “Congresswoman Simon Introduces Small Business Borrowers’ Bill of Rights” dated May 7, 2026, and says Simon and Ranking Member Nydia Velázquez introduced a resolution affirming fundamental rights for small business owners seeking financing and protecting them from unfair lending practices.
Congress.gov identifies Lateefah Simon as the Democratic U.S. Representative for California’s 12th District in the 119th Congress, serving from 2025 to present.
Assessments
The promise was to introduce and support a Small Business Borrowers' Bill of Rights, not necessarily secure enactment. Official House evidence says Rep. Lateefah Simon introduced the Small Business Borrowers' Bill of Rights with Ranking Member Nydia Velazquez on May 7, 2026, during her current 119th Congress House term, and describes it as affirming rights for small business owners seeking financing and protecting them from unfair lending practices. That directly satisfies the promised action in the same federal term.
The promise was to introduce and support a Small Business Borrowers' Bill of Rights, not necessarily to enact it. Official House office evidence says Rep. Lateefah Simon and Rep. Nydia Velazquez introduced the Small Business Borrowers' Bill of Rights on May 7, 2026, and described it as affirming fundamental rights for small business owners seeking financing and protecting them from unfair lending practices. That directly matches the promised action and substance, and it occurred during Simon's current federal term. Earlier evidence that did not show the measure appears to reflect timing or incomplete records rather than contradiction.
An official House office press release says Rep. Lateefah Simon and Rep. Nydia Velazquez introduced the Small Business Borrowers' Bill of Rights on May 7, 2026. That directly matches the claim's core action of introducing and supporting the proposal to protect small business borrowers from unfair lending practices.
Available evidence shows Rep. Simon has worked on small-business legislation and financing-related issues, including introducing and passing separate small-business bills in the House. However, the record provided does not show that she introduced or materially supported a specific 'Small Business Borrowers' Bill of Rights' to establish borrower rights and protect against unfair lending practices. Because the claim is specific and the evidence is only adjacent rather than directly confirming the promised action, there is not enough to mark it delivered or partial, and there is also not enough to conclude definitively that it never happened.