summary
Introduced
12/13/2023
12/13/2023
In Committee
12/13/2023
12/13/2023
Crossed Over
12/18/2024
12/18/2024
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
AN ACT To amend the Fair Credit Reporting Act to prevent consumer reporting agencies from furnishing consumer reports under certain circumstances, and for other purposes.
AI Summary
This bill, the Homebuyers Privacy Protection Act, amends the Fair Credit Reporting Act to prevent consumer reporting agencies from furnishing consumer reports to certain entities, unless they have the consumer's authorization or are the consumer's mortgage lender, servicer, or hold a current account for the consumer. The key provisions include definitions of key terms like "credit union," "insured depository institution," and "residential mortgage loan," and the limitation on when consumer reporting agencies can provide reports without the consumer's explicit consent.
Committee Categories
Housing and Urban Affairs
Sponsors (44)
Jack Reed (D)*,
Tammy Baldwin (D),
Michael Bennet (D),
Marsha Blackburn (R),
Richard Blumenthal (D),
Katie Boyd Britt (R),
Mike Braun (R),
Shelley Moore Capito (R),
Bob Casey (D),
Bill Cassidy (R),
Catherine Cortez Masto (D),
Kevin Cramer (R),
Mike Crapo (R),
John Fetterman (D),
Deb Fischer (R),
Bill Hagerty (R),
Cindy Hyde-Smith (R),
Tim Kaine (D),
Angus King (I),
Amy Klobuchar (D),
Joe Manchin (I),
Ed Markey (D),
Jeff Merkley (D),
Jerry Moran (R),
Gary Peters (D),
Pete Ricketts (R),
Jim Risch (R),
Jacky Rosen (D),
Mike Rounds (R),
Brian Schatz (D),
Rick Scott (R),
Jeanne Shaheen (D),
Kyrsten Sinema (I),
Tina Smith (D),
Jon Tester (D),
John Thune (R),
Thom Tillis (R),
Tommy Tuberville (R),
Chris Van Hollen (D),
Mark Warner (D),
Elizabeth Warren (D),
Peter Welch (D),
Sheldon Whitehouse (D),
Ron Wyden (D),
Last Action
Held at the desk. (on 12/18/2024)
Bill Topics
Banking, Finance, and Domestic Commerce
- ‐ Consumer Finance and Credit, including Credit Cards
Community Development and Housing Issues
- ‐ Housing and Real Estate Finance
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/senate-bill/3502/all-info | 12/14/2023 |
| BillText | https://www.congress.gov/118/bills/s3502/BILLS-118s3502es.pdf | 12/18/2024 |
| BillText | https://www.congress.gov/118/bills/s3502/BILLS-118s3502is.pdf | 01/04/2024 |
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