Bill > S656

This bill, known as the "Fair Credit for American Hostages Act of 2025", amends the Fair Credit Reporting Act to protect United States nationals who have been unlawfully detained or held hostage abroad from suffering credit reporting consequences during their period of detention. Specifically, the bill defines a "covered consumer" as a U.S. national who has been wrongfully detained or taken hostage abroad, as determined by government entities like the Hostage Recovery Fusion Cell or the Special Presidential Envoy for Hostage Affairs. If a consumer can provide authenticated documentation proving their detention, consumer reporting agencies are prohibited from including any adverse credit information in their reports that occurred during the period of detention. This means that negative credit events that happen while someone is involuntarily held in a foreign country cannot be used against them in credit reports, protecting these individuals from experiencing additional financial hardship as a result of their traumatic experience. The bill aims to provide a measure of financial protection for Americans who have been victims of unlawful detention or hostage situations in foreign countries.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/656/all-info