Bill > S1465

This bill, known as the Credit Access and Inclusion Act of 2025, amends the Fair Credit Reporting Act to expand the types of positive financial information that can be reported to consumer reporting agencies. Specifically, the bill allows energy utility firms, telecommunication companies, and housing entities to report consumers' payment information for lease agreements, utility services, and telecommunications services to credit reporting agencies. The bill defines these types of firms and sets limitations on what information can be reported, ensuring that only payment-related data can be shared. For example, an energy utility firm cannot report a consumer's balance as late if the consumer is adhering to a mutually agreed-upon payment plan, such as a deferred payment agreement or debt forgiveness program. The bill also provides some protection for these entities by limiting their liability for reporting such information. Additionally, the bill requires the Government Accountability Office (GAO) to conduct a study within two years of the act's enactment to assess the impact of these new reporting provisions on consumers, with the results to be reported to Congress.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/1465/all-info