Bill > HR3614

This bill, the Restricting Credit Checks for Employment Decisions Act, generally prohibits consumer reporting agencies from providing a consumer's credit information for employment purposes, unless required by law or for a national security investigation. The bill aims to address concerns that the use of credit checks in hiring decisions can disproportionately screen out qualified racial and ethnic minorities, perpetuate unemployment, and have little correlation with job performance. The bill includes specific requirements for when credit information can be used, such as not passing on the cost to the consumer and limiting disclosure. The amendments made by this act will take effect 2 years after the date of enactment, and the Bureau of Consumer Financial Protection is required to issue final rules to implement the changes.

Business and Industry

https://www.congress.gov/bill/116th-congress/house-bill/3614/all-info