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- VerDate Sep 11 2014 17:28 Feb 24, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6652 E:\BILLS\H773.IH H773 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, aims to amend two key laws: the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA).
The key provisions of the bill are:
1. Under the FCRA, medical debt will not be reported on a consumer's credit report for 1 year after the debt is placed for collection. Additionally, any fully paid or settled medical debt that was previously reported as delinquent, charged off, or in collection will be removed from credit reports more than 45 days after the debt was paid or settled.
2. Under the FDCPA, debt collectors must provide consumers with a notice before reporting medical debt to a consumer reporting agency. This notice informs the consumer that the debt cannot be reported for 1 year, and that the debt may not be reported at all if it is settled or paid during that 1-year period. Debt collectors are also prohibited from reporting the medical debt to consumer reporting agencies during that 1-year period.
The overall purpose of the bill is to provide relief to consumers by limiting the reporting of medical debt on their credit reports, and to increase the efficiency of credit markets by ensuring more accurate information is available.
Committee Categories
Business and Industry
Sponsors (48)
Katie Porter (D)*,
Nanette Barragán (D),
Earl Blumenauer (D),
Suzanne Bonamici (D),
Tony Cárdenas (D),
André Carson (D),
Judy Chu (D),
Steve Cohen (D),
Jason Crow (D),
Peter DeFazio (D),
Diana DeGette (D),
Lloyd Doggett (D),
Chuy García (D),
Alcee Hastings (D),
Jahana Hayes (D),
Sheila Jackson-Lee (D),
Pramila Jayapal (D),
Hank Johnson (D),
Mondaire Jones (D),
Dan Kildee (D),
John Larson (D),
Al Lawson (D),
Barbara Lee (D),
Mike Levin (D),
Alan Lowenthal (D),
Stephen Lynch (D),
Tom Malinowski (D),
Betty McCollum (D),
Jim McGovern (D),
Grace Meng (D),
Grace Napolitano (D),
Joe Neguse (D),
Eleanor Holmes Norton (D),
Ilhan Omar (D),
Mark Pocan (D),
Jamie Raskin (D),
Bobby Rush (D),
Tim Ryan (D),
Linda Sánchez (D),
Mary Gay Scanlon (D),
Jan Schakowsky (D),
Adam Smith (D),
Abigail Spanberger (D),
Mark Takano (D),
Rashida Tlaib (D),
Paul Tonko (D),
David Trone (D),
Bonnie Watson Coleman (D),
Last Action
Referred to the House Committee on Financial Services. (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/house-bill/773/all-info |
| BillText | https://www.congress.gov/117/bills/hr773/BILLS-117hr773ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr773/BILLS-117hr773ih.pdf.pdf |
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