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Bill > HR2332


US HR2332

US HR2332
Debt Bondage Repair Act


summary

Introduced
04/01/2021
In Committee
04/01/2021
Crossed Over
06/16/2021
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

AN ACT To prohibit consumer reporting agencies from furnishing a consumer report containing any adverse item of informa- tion about a consumer if such consumer is a victim of trafficking, and for other purposes.

AI Summary

This bill, the Debt Bondage Repair Act, prohibits consumer reporting agencies from including any adverse information in a consumer's credit report if the consumer is a victim of human trafficking. The bill requires the Director of the Bureau of Consumer Financial Protection to issue a rule establishing a process for consumers to submit documentation proving they are victims of trafficking, after which the consumer reporting agencies must remove any related adverse information from the consumer's credit report. The bill defines "trafficking documentation" and "victim of trafficking" based on determinations by federal or state governments or courts. The amendments made by this bill will take effect 30 days after the Director issues the required rule.

Committee Categories

Business and Industry, Housing and Urban Affairs

Sponsors (6)

Last Action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 06/16/2021)

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