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S 1343 117th Congress Senate Finance and Financial Sector Computer security and identity theft Congressional oversight Consumer credit Credit and credit markets Government studies and investigations

Consumer Credit Control Act of 2021

Introduced: April 22, 2021 Introduced by: Reed, Jack Democratic · Rhode Island See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 22, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S2171-2172)
Apr 22, 2021
Introduced in Senate
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 Plain-English summary Congressional Research Service

Consumer Credit Control Act of 2021

This bill requires a consumer's affirmative informed consent before a consumer reporting agency may share that consumer's report with third parties for specified purposes. A consumer reporting agency must verify a consumer's identity when obtaining this consent. (Currently, this sharing is generally allowed unless a consumer opts out.)

If the consumer provides consent, a consumer reporting agency may share information with a third party for an extension of credit or the underwriting of insurance.

Additionally, in connection with transactions not initiated by the consumer, a consumer reporting agency may provide a consumer report with the consumer's consent only if the transaction consists of a firm offer of credit or insurance.

Furthermore, consumer reporting agencies may not charge consumers fees in connection with furnishing consumer reports.

The bill also requires consumer reporting agencies to use reasonable efforts to prevent data breaches of consumer reports.

The Government Accountability Office must report on how best to protect information collected in consumer files.

What's happening now April 22, 2021

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S2171-2172)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Van Hollen, Chris
Maryland · Apr 22, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1343: Consumer Credit Control Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-1343/
MLA
"S. 1343: Consumer Credit Control Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-1343/.
Bluebook (legal)
S. 1343, 117th Cong. (2026), https://openamerica.io/bill/117-S-1343/.
Markdown link
[S. 1343: Consumer Credit Control Act of 2021](https://openamerica.io/bill/117-S-1343/)
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