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HR 4313 115th Congress House Finance and Financial Sector Consumer credit Military personnel and dependents

Fair Credit Reporting for Servicemembers Act

Introduced: November 8, 2017 Introduced by: Sánchez, Linda T. Democratic · California See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 8, 2017
Referred to the House Committee on Financial Services.
Nov 8, 2017
Introduced in House
 Plain-English summary Congressional Research Service

Fair Credit Reporting for Servicemembers Act

This bill amends the Fair Credit Reporting Act to: (1) specify that to be considered an active duty military consumer, a consumer must be assigned away from the usual duty station for a period of at least 90 days, and (2) allow a consumer to provide proof to a consumer reporting agency that an adverse credit report item occurred while on active duty.

The bill requires a consumer reporting agency to provide an active duty military consumer's relevant active duty status on adverse credit report items. A consumer reporting agency must issue alerts to an active duty military consumer regarding negative information received about that consumer.

The bill expresses the sense of Congress that users of consumer reports should take into account active duty military status when evaluating a consumer's creditworthiness.

What's happening now November 8, 2017

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1