US S3508

Bill

Disaster Protection for Workers’ Credit Act of 2020

Introduced
03/17/2020

In Committee
03/17/2020

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

A bill to amend the Fair Credit Reporting Act to provide for disaster protection for workers' credit. This bill generally provides credit protections to consumers during the COVID-19 (i.e., coronavirus disease 2019) outbreak and other major disasters. The bill prohibits furnishers of credit information from reporting adverse credit information that is the result of any inaction or action that occurred during the COVID-19 outbreak. It also prohibits any such reporting regarding a consumer who resides in an area covered by a major disaster declaration. Credit reporting agencies are prohibited from including in a credit report any such adverse credit information. The Consumer Financial Protection Bureau must create a website that allows consumers to report economic hardship as a result of the COVID-19 outbreak or a major disaster. Consumers may request the deletion of adverse credit information and request an extension of certain credit protections. Credit reporting agencies must provide unlimited free credit reports and free credit scores upon request (1) during the COVID-19 outbreak or a major disaster, and (2) for a year afterwards.

AI Summary

This bill provides credit protections to consumers during the COVID-19 outbreak and other major disasters. The key provisions are: 1. It prohibits credit furnishers from reporting adverse credit information resulting from actions or inactions during the COVID-19 outbreak or a major disaster declaration period. 2. It requires credit reporting agencies to exclude such adverse information from consumer credit reports and to allow consumers to request the deletion of such information. 3. It requires the Consumer Financial Protection Bureau to create a website for consumers to report economic hardship from COVID-19 or a major disaster, which can extend the credit report protections for an additional 270 days. 4. It provides consumers with unlimited free credit reports and scores from credit reporting agencies during the COVID-19 outbreak or a major disaster, and for 12 months afterwards.

Committee Categories

Housing and Urban Affairs

Sponsors (3)

Brian Schatz (D)*, Sherrod Brown (D), Doug Jones (D),

Last Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 03/17/2020)

Official Document

https://www.congress.gov/bill/116th-congress/senate-bill/3508/all-info

(5 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/116th-congress/senate-bill/3508/all-info
BillText	https://www.congress.gov/116/bills/s3508/BILLS-116s3508is.pdf
Bill	https://www.congress.gov/116/bills/s3508/BILLS-116s3508is.pdf.pdf

Bill	Bill Name	Last Action	Type
HR6321	Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act	Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, Education and Labor, Small Business, the Judiciary, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.	Related
HR6370	Disaster Protection for Workers’ Credit Act	Referred to the House Committee on Financial Services.	Related
HR6379	Take Responsibility for Workers and Families Act Workforce Emergency Response Act of 2020	Referred to the Committee on Appropriations, and in addition to the Committees on the Budget, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.	Related
HR6800	The Heroes Act	Committee on Small Business and Entrepreneurship. Hearings held.	Related
HRes967	Providing for consideration of the resolution (H. Res. 965) authorizing remote voting by proxy in the House of Representatives and providing for official remote committee proceedings during a public health emergency due to a novel coronavirus, and for other purposes; providing for consideration of the bill (H.B. 6800) making emergency supplemental appropriations for the fiscal year ending September 30, 2020, and for other purposes; providing for proceedings during the period from May 19, 2020, t	Motion to reconsider laid on the table Agreed to without objection.	Similar To

Bill > S3508

US S3508

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (3)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary