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HR 347 114th Congress House

Facilitating Access to Credit Act of 2015

Official title: To amend the Credit Repair Organizations Act to exempt certain consumer reporting agencies, and for other purposes.

Introduced: September 22, 2016 See on congress.gov
Finance and Financial Sector Congressional oversightConsumer affairsConsumer creditContracts and agency
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Federal preemptionGovernment studies and investigationsState and local government operations
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 27, 2016
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Jan 14, 2015
Referred to the House Committee on Financial Services.
Jan 14, 2015
Introduced in House
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 Latest action September 27, 2016

Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

 Plain-English summary Congressional Research Service

Facilitating Access to Credit Act of 2015

Amends the Credit Repair Organizations Act to exempt from its coverage any consumer reporting agency (or affiliate or subsidiary) described under the Fair Credit Reporting Act as:

  • one that compiles and maintains files on consumers on a nationwide basis; or
  • any person which, for monetary fees, dues, or on a cooperative nonprofit basis, regularly engages in whole or in part in the practice of assembling or evaluating consumer credit information or other information on consumers in order to furnish consumer reports to third parties, if the person is subject to supervision and examination by the Consumer Financial Protection Bureau.

Preempts state law and regulations concerning a credit repair organization to the extent they would apply to consumer reporting agencies subject to this Act.

Directs the Federal Trade Commission to study whether, in addition to these persons, any other person should be exempt from the Credit Repair Organizations Act.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 7
All 7 Republican 5
R
Crawford, Eric A. "Rick"
Arkansas · Sep 22, 2016
 R
Hill, J. French
Arkansas · Sep 19, 2016
 R
Wagner, Ann
Missouri · May 25, 2016
 R
Williams, Roger
Texas · Feb 4, 2016
 R
Sessions, Pete
Texas · Dec 18, 2015
Pittenger, Robert
· Dec 16, 2015
Walters, Mimi
· Sep 9, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 347: Facilitating Access to Credit Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-347/
MLA
"H.R. 347: Facilitating Access to Credit Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-347/.
Bluebook (legal)
H.R. 347, 114th Cong. (2026), https://openamerica.io/bill/114-HR-347/.
Markdown link
[H.R. 347: Facilitating Access to Credit Act of 2015](https://openamerica.io/bill/114-HR-347/)
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