Bill

Bill > HR5677


US HR5677

Fair Credit Reporting for Servicemembers Act


summary

Introduced
01/24/2020
In Committee
01/24/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To amend the Fair Credit Reporting Act to provide protections for extended active duty uniformed consumers, and for other purposes. This bill revises consumer credit protections for servicemembers. Among other things, the bill (1) extends consumer credit protections to certain active duty uniformed consumers in a combat zone or aboard a U.S. vessel, and (2) prohibits the inclusion on a consumer report of adverse credit information that occurred while a uniformed consumer was engaged in that type of active duty. The bill also adds to those groups covered by specified active duty credit protections individuals in the commissioned corps of the National Oceanic and Atmospheric Administration and the Public Health Service.

AI Summary

This bill, the Fair Credit Reporting for Servicemembers Act, revises consumer credit protections for active duty uniformed servicemembers. It extends these protections to certain active duty servicemembers deployed in a combat zone or aboard a U.S. vessel, prohibiting the inclusion of adverse credit information that occurred during their deployment. The bill also adds servicemembers in the commissioned corps of the National Oceanic and Atmospheric Administration and the Public Health Service to the groups covered by these active duty credit protections. Additionally, the bill requires consumer reporting agencies to promptly notify these extended active duty uniformed consumers of any adverse information received about them and provide them with a method to dispute the validity of such information.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Referred to the House Committee on Financial Services. (on 01/24/2020)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...