Consumer Credit Control Act of 2023
Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.
Consumer Credit Control Act of 2023
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.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S1390)
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 1327: Consumer Credit Control Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-S-1327/
"S. 1327: Consumer Credit Control Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-1327/.
S. 1327, 118th Cong. (2026), https://openamerica.io/bill/118-S-1327/.
[S. 1327: Consumer Credit Control Act of 2023](https://openamerica.io/bill/118-S-1327/)