summary
Introduced
04/07/2020
04/07/2020
In Committee
04/07/2020
04/07/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
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 Collection 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. This bill modifies requirements related to the reporting of medical debt. Specifically, a consumer reporting agency may not add certain medical debt information to a consumer credit report. Also, a debt collector may not report certain medical debt information to a consumer reporting agency within a specified time period and must notify the consumer prior to reporting such medical debt.
AI Summary
This bill modifies requirements related to the reporting of medical debt. Specifically, it prohibits consumer reporting agencies from adding certain medical debt information to a consumer's credit report for one year, and requires debt collectors to notify the consumer before reporting medical debt to a consumer reporting agency within that one-year period. The bill also removes paid-off or settled medical debts from credit reports that have been fully paid or settled. These changes are intended to provide consumers more time to address medical debt and increase the efficiency of credit markets with more complete information.
Committee Categories
Business and Industry
Sponsors (71)
Katie Porter (D)*,
Alma Adams (D),
Nanette Barragán (D),
Earl Blumenauer (D),
Suzanne Bonamici (D),
Anthony Brown (D),
Tony Cárdenas (D),
Kathy Castor (D),
Joaquin Castro (D),
Judy Chu (D),
Yvette Clarke (D),
Lacy Clay (D),
Steve Cohen (D),
Lou Correa (D),
Angie Craig (D),
Danny Davis (D),
Peter DeFazio (D),
Diana DeGette (D),
Rosa DeLauro (D),
Suzan DelBene (D),
Lloyd Doggett (D),
Veronica Escobar (D),
Adriano Espaillat (D),
Chuy García (D),
Debra Haaland (D),
Josh Harder (D),
Jahana Hayes (D),
Sheila Jackson-Lee (D),
Pramila Jayapal (D),
Hank Johnson (D),
Joseph Kennedy (D),
Dan Kildee (D),
Derek Kilmer (D),
Ann Kirkpatrick (D),
John Larson (D),
Andy Levin (D),
Mike Levin (D),
Ted Lieu (D),
Alan Lowenthal (D),
Stephen Lynch (D),
Tom Malinowski (D),
Sean Maloney (D),
Donald McEachin (D),
Jim McGovern (D),
Grace Meng (D),
Jerry Nadler (D),
Grace Napolitano (D),
Joe Neguse (D),
Eleanor Holmes Norton (D),
Alexandria Ocasio-Cortez (D),
Ilhan Omar (D),
Mark Pocan (D),
Jamie Raskin (D),
Harley Rouda (D),
Bobby Rush (D),
Tim Ryan (D),
Linda Sánchez (D),
Mary Gay Scanlon (D),
Jan Schakowsky (D),
José Serrano (D),
Brad Sherman (D),
Elissa Slotkin (D),
Adam Smith (D),
Darren Soto (D),
Abigail Spanberger (D),
Mark Takano (D),
Bennie Thompson (D),
Rashida Tlaib (D),
David Trone (D),
Jeff Van Drew (R),
Nydia Velázquez (D),
Last Action
Referred to the House Committee on Financial Services. (on 04/07/2020)
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/116th-congress/house-bill/6470/all-info |
| BillText | https://www.congress.gov/116/bills/hr6470/BILLS-116hr6470ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr6470/BILLS-116hr6470ih.pdf.pdf |
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