Bill > S619

This bill amends the Fair Credit Reporting Act to improve the process for placing security freezes for protected consumers, which typically refers to minors or individuals who cannot independently manage their credit. Under the proposed changes, when a representative of a protected consumer requests a security freeze from a consumer reporting agency, the agency must place the freeze free of charge within 3 business days of receiving a request through telephone, electronic means, or mail. The agency must also notify other consumer reporting agencies about the freeze request within the same 3-business-day timeframe, and those agencies must then place the freeze within 3 business days of receiving the notification. A security freeze prevents credit reporting agencies from releasing a person's credit report without their consent, which helps protect against identity theft. The bill, called the "Credit Freeze for Kids Act," aims to streamline and expedite the security freeze process for vulnerable consumers by establishing clear, quick timelines for agencies to respond to freeze requests and by ensuring the service is provided at no cost.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/619/all-info