summary
Introduced
02/03/2021
02/03/2021
In Committee
02/03/2021
02/03/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Fair Credit Reporting Act to institute a 1- year waiting period before medical debt will be reported on a consumer’s credit report and to remove paid-off and settled medical debts from credit reports that have been fully paid or settled, to amend the Fair Debt Collec- tion Practices Act to provide a timetable for verification of medical debt and to increase the efficiency of credit markets with more perfect information, and for other purposes.
AI Summary
This bill, the Medical Debt Relief Act of 2021, proposes to amend the Fair Credit Reporting Act and the Fair Debt Collection Practices Act. It would institute a 1-year waiting period before medical debt is reported on a consumer's credit report, and would remove paid-off and settled medical debts from credit reports that have been fully paid or settled. It also requires debt collectors to provide additional notice to consumers before reporting medical debt to credit agencies, and prohibits reporting of medical debt during the 1-year period. The bill aims to increase the efficiency of credit markets by providing more accurate information about consumers' medical debt.
Committee Categories
Housing and Urban Affairs
Sponsors (4)
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 02/03/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/214/all-info |
| BillText | https://www.congress.gov/117/bills/s214/BILLS-117s214is.pdf |
| Bill | https://www.congress.gov/117/bills/s214/BILLS-117s214is.pdf.pdf |
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