Bill

Bill > S2040


US S2040

US S2040
Debt Bondage Repair Act


summary

Introduced
06/14/2021
In Committee
06/14/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

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

AI Summary

This bill, the Debt Bondage Repair Act, aims to prohibit 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 defines "trafficking documentation" as documentation from a government entity or court confirming that the consumer is a victim of a severe form of trafficking in persons or sex trafficking. Once the consumer provides this documentation to the consumer reporting agency, the agency is prohibited from including any adverse information in the consumer's report that resulted from the trafficking. The bill requires the Director of the Bureau of Consumer Financial Protection to issue regulations within 180 days to establish a method for consumers to submit the required trafficking documentation to consumer reporting agencies.

Committee Categories

Housing and Urban Affairs

Sponsors (4)

Last Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 06/14/2021)

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