S 314 115th Congress Senate Finance and Financial Sector Consumer credit

FIX Act

Introduced: February 6, 2017 Introduced by: Klobuchar, Amy Democratic · Minnesota See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Feb 6, 2017

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Feb 6, 2017

Introduced in Senate

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Plain-English summary Congressional Research Service

FIX Credit Reporting Errors Act or the FIX Act

This bill amends the Fair Credit Reporting Act with respect to the procedures followed by consumer reporting agencies when a consumer disputes the completeness or accuracy of information contained in the consumer's credit report.

Consumer reporting agencies are required to: (1) include all documentation provided by the consumer in the dispute notification furnished to any person who provided disputed information, and (2) consider such consumer documentation when conducting reinvestigations of disputed information.

A consumer reporting agency that operates as reseller is required to convey the notice of the dispute, together with all relevant information and documentation provided by the consumer, to each consumer reporting agency that provided the reseller with the information that is the subject of the dispute.

What's happening now February 6, 2017

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill text 1 version